Anglo American, page-8

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sparegunner

577 Posts.

18/02/16

08:54

Post #: 17049197
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Originally posted by eshmun ↑

Read this article in the West Australian today.

"Anglo sheds coal, iron ore assets"

https://au.news.yahoo.com/thewest/wa/a/30844751/anglo-sheds-coal-iron-ore-assets/

Looks like Anglo American have had a gut full of bulk industrial commodities like iron or and coal and have become sellers.

They say the sales process could fetch US$6 billion (tell 'im'e's dreamin').

Looks like they are going to contract their business back down to copper, diamonds, and platinum.

“This unique combination of (copper, diamond and platinum) assets, enhanced by our commercial marketing expertise, will have the advantage of benefiting from the ongoing shift away from infrastructure investment towards consumer-driven demand, positioning Anglo American for these expanding markets,” Mr Cutifani said.

With billions to spend after the sale process Anglo might be in the market for another diamond mine that has pedigree. Our new diamond certainly given us that. I wonder what other surprises we will uncover (remember we haven't been mining all that long).

And don't forget that Anglo American owns 85% of De Beers.

http://www.angloamerican.com/products/diamonds

In 2014 De Beers was trying to make a return to Angola so it is no secret that they are interested.

http://www.miningweekly.com/article...rs-new-diamond-exploration-licence-2014-04-11

"The Minister said giants such as Rio Tinto, Brazil's Vale, and Anglo American had shown interest. “I am sure they will end up working here,” he remarked."

Just wonder where that good diamond mine might be in Angola, you know the one that fits in with Anglo's goal of investments aimed at consumer-driven demand?

Eshmun

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Good post Eshmun,
I've always thought that it would probably be RIO to make the first serious move on LOM but now with Anglo American deciding to sell off some of their bulk industrials, they might be extremely interested in LOM as well (I think they may also be interested in Peruvian copper porphyries such as Chanape ) and they'll be cashed up big time so wouldn't it be interesting if Anglo and RIO, together with a couple of other giants want to squabble over LOM...
the mind boggles.
DYOR and GLTAH.

LOM Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

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Anglo American, page-8

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Anglo American, page-8

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