ANALYST VIEWS: HOW STRONG ARE ANGLO’S PRODUCTION RESULTS?

TIM DUDLEY | COLLINS STEWART

The major trend you have seen across the majors has been increasing iron ore production – it is where the margins are – and they (Anglo) are following suit with that. Another positive was (metallurgical) coal which has also got strong margins. That should help offset weakness in platinum.

DOMINIC O’KANE | LIBERUM CAPITAL

Production is broadly in line with our estimates, with the exception of platinum and diamond. The short term barriers to outperforming peers as we see it are: i) clarity on AAL’s legal dispute with Codelco in Chile and ii) an increasingly difficult operating environment for platinum.

KEITH BOWMAN | HARGREAVES LANSDOWN

The diversified portfolio continues to prove its worth. Gains for iron ore and copper have more than offsetting difficulties for platinum and diamond production. Plans to raise production volumes stand tall in the background despite the uncertainty with the dispute in Chile. The shares are a strong “buy”.