Insight
Anglo American – carving a new portfolio
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
This insight examines the likely outcome of Anglo American's portfolio rationalisation which includes divesting or demerging assets in PGMs, met coal, diamonds and nickel. In H1 results Anglo American provided further details on the strategic overhaul, which includes focusing on its core copper and iron ore operations. The company also demonstrated substantial progress in its operational excellence journey being on track to deliver a total of $1 billion in cost savings by the end of 2024. Our assessment cuts across the four commodity segments for which Anglo American has established dedicated transaction teams. We present our views on the likely timing, structure and proceeds of the rationalisation plan: - PGMs - relatively straightforward in specie distribution in 2025 - Diamonds - Origins strategy to deliver exit through listing or sale - Coal - sale at premium likely, Grosvenor complicates timeline - Nickel - strategic suitors could emerge for consistent cash generators
Table of contents
- Operational excellence
- PGMs – relatively straightforward in specie distribution in 2025
- Diamonds – Origins strategy to deliver exit through listing or sale
- Coal – sale at premium likely, Grosvenor complicates timeline
- Nickel – strategic suitors could emerge for consistent cash generators
- Making the most of strategic alternatives will position the company for growth
Tables and charts
This report includes the following images and tables:
- Wood Mackenzie base case rationalisation assumptions
- De Beers retail stores history and forecast
- De Beers Other financial results since 2016
- De Beers retail comparable valuation metrics
- De Beers group carbon emissions projection
- De Beers Group EBITDA by function forecast and margin
- Recent metallurgical coal transactions involving diversified miners
What's included
This report contains:
Other reports you may be interested in
Asset Report
Nkana (closed) copper smelter
A detailed analysis of the Nkana copper smelter.
$2,250
Asset Report
Boseto copper mine
A detailed analysis of the Boseto copper mine.
$2,250
Country Report
Global aluminium smelter asset cost summary
The Global Aluminium Asset Summary examines the cost environment in the base year as well as historically and forward five years.
$6,750
