After an exceptional 2021, Anglo’s operations witnessed a sharp performance normalisation in 2022. While there was pressure in all the base metal divisions – which may be sustained/aggravate – the resilience in the other divisions also seemed unsustainable. Moreover, with various risks in the firm’s key operating geographies and the Woodsmith asset impairment – which may have implications for BHP as well – the firm is in a tricky position and seems more vulnerable (vs. other diversified miners). ....
24 Feb 2023
Full-year results highlight Anglo’s ‘legacy’ vulnerabilities
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Full-year results highlight Anglo’s ‘legacy’ vulnerabilities
Anglo American plc (AAL:LON) | 2,492 7139.6 13.0% | Mkt Cap: 33,332m
- Published:
24 Feb 2023 -
Author:
Varun Sikka -
Pages:
5
After an exceptional 2021, Anglo’s operations witnessed a sharp performance normalisation in 2022. While there was pressure in all the base metal divisions – which may be sustained/aggravate – the resilience in the other divisions also seemed unsustainable. Moreover, with various risks in the firm’s key operating geographies and the Woodsmith asset impairment – which may have implications for BHP as well – the firm is in a tricky position and seems more vulnerable (vs. other diversified miners). ....