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Northam Platinum warns of profit fall as low PGM prices persist

UPDATE 1-Northam Platinum warns of profit fall as low PGM prices persist Adds analyst in paragraphs 6-7 Aug 14 (Reuters) - South Africa's Northam Platinum NPHJ.J warned of a sharp fall in profit on Wednesday, saying it expected an uncertain global economic outlook to keep platinum group metal (PGM) prices low for "some time". The company's share price fell 4% in early trade.
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Northam Platinum warns of profit fall as low PGM prices persist

Northam Platinum warns of profit fall as low PGM prices persist Aug 14 (Reuters) - South Africa's Northam Platinum NPHJ.J warned of a sharp fall in profit on Wednesday, saying it expected an uncertain global economic outlook to keep platinum group metal (PGM) prices low for "some time". The company's share price fell 4% in early trade. It said its headline earnings per share for the year to June 30 could fall by as much as 87% to between 3.24 rand and 5.66 rand from 24.15 the previous year.
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Barrick open to being partner in Cobre Panama mine, CEO says

UPDATE 1-Barrick open to being partner in Cobre Panama mine, CEO says Adds CEO comments on deal-making, Teck, paragraphs 7,8,12,15 By Divya Rajagopal and Felix Njini TORONTO, Aug 12 (Reuters) - Barrick Gold ABX.TO stands ready to be a partner in the Cobre Panama copper mine once the Panamanian government decides on the disputed asset's future, Mark Bristow, CEO of the Canadian gold and copper mining company, said on Monday.
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Australia's RocketDNA gains on extending drone services contract

BUZZ-Australia's RocketDNA gains on extending drone services contract ** Shares of Australia's RocketDNA RKT.AX rise as much as 14.3% to A$0.008, their biggest intraday gain since July 18 ** Stock at its highest level since July 22 ** Technology solutions provider extends drone services deal with Rustenberg Platinum Mines, subsidiary of U.K. based
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BHP mulling sale of gold, copper mines in Brazil, Bloomberg News reports

UPDATE 1-BHP mulling sale of gold, copper mines in Brazil, Bloomberg News reports Adds further details and background from paragraph 2 onwards Aug 7 (Reuters) - BHP Group BHP.AX , the world's top miner, is mulling a sale of Brazilian copper and gold assets it took over as part of the buyout of smaller peer Oz Minerals, Bloomberg News reported on Wednesday, according to people familiar with the matter.
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Glencore may be the next UK listing to head west

BREAKINGVIEWS-Glencore may be the next UK listing to head west The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Karen Kwok LONDON, Aug 7 (Reuters Breakingviews) - Gary Nagle is flipping the script. The boss of $61 billion Swiss miner Glencore GLEN.L on Wednesday said he would drop a proposal to spin off his coal business via a New York initial public offering.
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Glencore to keep coal assets and stick with London listing

UPDATE 5-Glencore to keep coal assets and stick with London listing Glencore could add more steelmaking coal assets, CEO says CEO says ESG concerns on fossil fuel moderating lately Glencore swung to a net loss of $233 mln in first half Adds analyst comment in final paragraph By Felix Njini and Pratima Desai JOHANNESBURG/LONDON, Aug 7 (Reuters) - Glencore GLEN.L will keep its coal business after securing backing from a majority of its investors who see lucrative earnings from the fossil fuel, its
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Top of the Street: Sika, Haleon, Anglo American, VAT Group

BUZZ-Top of the Street: Sika, Haleon, Anglo American, VAT Group A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Stifel raises Swiss chemicals maker Sika SIKA.S to "buy" from "hold" after it increased its PT to CHF 270, which implies an upside of 11%, following the recent share price drop ** Goldman Sachs cuts consumer healthcare company Haleon HLN.L to "neutral" from "buy", as it sees limited catalysts to drive near term price performance, with Pfizer's
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Cicor Technologies, Roche Holding, YouGov Plc

EUROPE RESEARCH ROUNDUP-Cicor Technologies, Roche Holding, YouGov Plc Aug 6 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Cicor Technologies, Roche Holding and YouGov Plc, on Tuesday. HIGHLIGHTS * Allied Irish Banks AIBG.I : UBS raises target price to EUR 6.25 from EUR 5.7 * Cicor Technologies Ltd CICN.S : Baader Helvea raises to buy from add * Ferrexpo FXPO.L : Panmure Liberum cuts target price to 120p from 175p * Roche Holding
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Australia's QCoal says worker dies at coking coal mine

Australia's QCoal says worker dies at coking coal mine MELBOURNE, Aug 3 (Reuters) - Australia's QCoal said on Saturday a worker had died at its Byerwen coking coal mine in the northeastern state of Queensland, but gave no further details. Brisbane-based QCoal runs the open-cut mine in the Bowen Basin, of which it owns 85%, in a joint venture with Japan's JFE Steel Corp.
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Diamond sales at Botswana’s Debswana fall 49.2% as market downturn continues

Diamond sales at Botswana’s Debswana fall 49.2% as market downturn continues By Brian Benza GABORONE, Aug 1 (Reuters) - Sales of rough diamonds at Debswana Diamond Company fell 49.2% in the first half of 2024, according to data released by the Botswana central bank late on Wednesday, as the downturn in the global diamond market continued. Debswana, equally owned by the government of Botswana and Anglo American Plc's AAL.L De Beers, sells 75% of its output to De Beers with the balance taken up
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Financial Times - Aug 1

PRESS DIGEST-Financial Times - Aug 1 Aug 1 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Thames Water breaches licence conditions with fresh rating downgrade - Huw Edwards pleads guilty to accessing indecent images of children - Rio Tinto chief warns over 'big risk' of large acquisition - Phoenix and Schroders team up for private markets venture Overview - Thames Water has had its cr
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Rio Tinto open to big copper buys but cautious of overheated market

UPDATE 4-Rio Tinto open to big copper buys but cautious of overheated market Recasts, adds CEO comments in paragraph 5-6, share price move By Melanie Burton and Rishav Chatterjee MELBOURNE, July 31 (Reuters) - Rio Tinto may consider a large acquisition but it would have to provide value that is hard to find amid a copper market that is running hot, CEO Jakob Stausholm said on Wednesday while discussing its first-half results.
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BHP and Lundin Mining boost copper access, to buy Filo for $3.25 bln

UPDATE 3-BHP and Lundin Mining boost copper access, to buy Filo for $3.25 bln Adds analyst comment, share price move MELBOURNE, July 29 (Reuters) - Global miner BHP Group BHP.AX and Canada-listed Lundin Mining LUN.TO will jointly take over developer Filo Corp FIL.TO for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to progress the South American projects.
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Top of the Street: Nestle, Anglo American, Bureau Veritas

BUZZ-Top of the Street: Nestle, Anglo American, Bureau Veritas A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Deutsche Bank downgrades Nestle NESN.S to "hold" from "buy", saying the world's biggest packaged food company went "a cut too far" as it trimmed its sales growth outlook on Thursday ** UBS raises British miner Anglo American AAL.L to "buy" from "neutral" as it sees better risk/reward ratio after the stock fell enough following BHP's BHP.AX offer
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Greencore, UCB, Unilever

EUROPE RESEARCH ROUNDUP-Greencore, UCB, Unilever July 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Greencore, UCB, and Unilever, on Friday. HIGHLIGHTS * Greencore GNC.L : HSBC raises target price to 190p from 160p * Lonza Group AG LONN.S : JP Morgan raises target price to CHF 645 from CHF 600 * Sartorius Stedim Biotech STDM.PA : HSBC cuts target price to EUR 310 from EUR 360 * UCB SA UCB.BR : TD Cowen raises target price to E
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British Business - July 26

PRESS DIGEST-British Business - July 26 July 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Anglo American AAL.L took a $1.6 billion writedown at its Woodsmith mine fertiliser project in Britain. - Britain’s accounting watchdog, the Financial Reporting Council, issued financial sanctions totalling 48.2 million pounds ($61.98 million) in the year to the end of
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Anglo American has a job to exit post-BHP hole

BREAKINGVIEWS-Anglo American has a job to exit post-BHP hole The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Karen Kwok LONDON, July 25 (Reuters Breakingviews) - Duncan Wanblad’s job is not getting any easier. Two months after fending off Australian rival BHP’s BHP.AX $47 billion approach, the Anglo American AAL.L boss on Thursday delivered a decent set of half-year results.
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UK Stocks-Factors to watch on July 25

UPDATE 1-UK Stocks-Factors to watch on July 25 Adds new items, updates futures July 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.6%. * ASTRAZENECA: Anglo-Swedish drugmaker AstraZeneca AZN.L raised its sales and profit forecasts for 2024 and topped analyst expectations for second-quarter revenue, buoyed by demand for its therapies for cancer and rare diseases.
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Anglo takes further fertiliser writedown, sees coal deal by early 2025

UPDATE 3-Anglo takes further fertiliser writedown, sees coal deal by early 2025 Anglo to start nickel assets sale process this year Takes $1.6 bln writedown on fertiliser project Adds valuation in paragraph 7, updates shares in paragraph 8, adds analyst in paragraphs 16-17 By Clara Denina and Felix Njini LONDON, July 25 (Reuters) - Anglo American AAL.L took a further $1.6 billion writedown on its British fertiliser project on Thursday but said it expects to reach a deal to sell its coal assets b
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