After a long wait, Anglo American joins the elite list of large cap miners by announcing / reinstating share buy-backs. The H1 19 results were a beneficiary of healthy improvements in Iron Ore and Platinum, which clearly overshadowed issues in other divisions. Surprisingly, Anil Agarwal-controlled Volcan has sold its significant minority stake (19.4%) in the diversified miner. Despite these promising developments and the group targeting further growth / improvements, the strategy with respect
30 Jul 2019
Strong results; surprisingly, buy-backs were announced and Anil Agarwal sold his stake
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Strong results; surprisingly, buy-backs were announced and Anil Agarwal sold his stake
Anglo American plc (AAL:LON) | 2,211 2078.6 4.5% | Mkt Cap: 29,577m
- Published:
30 Jul 2019 -
Author:
Varun Sikka -
Pages:
5
After a long wait, Anglo American joins the elite list of large cap miners by announcing / reinstating share buy-backs. The H1 19 results were a beneficiary of healthy improvements in Iron Ore and Platinum, which clearly overshadowed issues in other divisions. Surprisingly, Anil Agarwal-controlled Volcan has sold its significant minority stake (19.4%) in the diversified miner. Despite these promising developments and the group targeting further growth / improvements, the strategy with respect