Anglo American plc

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  • 776.35p
  • -41.30p (-5.05%)

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Anglo American share price subdued as Deutsche Bank turns bearish on miner

Deutsche Bank turns bearish on Anglo American

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About Anglo American plc

Anglo American plc (LON:AAL) is a UK multinational company. Despite being headquartered in London, operations are spread across Africa, Brazil, Chile, North and South America, Australia, China, India, Japan, other Asian countries and Europe.
The company is the world’s largest producer of platinum, accounting for around 40 percent of global platinum output. It is also a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal.
Anglo American’s portfolio includes Bulk commodities (consisting of Iron and Manganese, Metallurgical Coal and Thermal), Base Metals (including copper, nickel and niobium), Precious Metals and Minerals (including platinum and diamonds) and Other Mining and Industrial.
Its partially owned subsidiaries include Copebras in Brazil, South African Anglo American Platinum Ltd (78 percent) and Kumba Iron Ore (70 percent). It also holds an 85 percent stake in diamond mining company De Beers.
The company was founded in 1917 by Sir Ernest Oppenheimer, along with the American bank J.P. Morgan & Co., as gold mining company Anglo American Corporation. In May 1999, Anglo American merged with Luxembourg-based Minorco to form Anglo American plc.
Anglo American is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company also has secondary listings in Johannesburg, Switzerland, Botswana and Namibia.

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