• The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

  • Losing the plot

    Parastatal leaders have lost focus of what they're supposed to do, says Nonkululeko Gobodo.

All data is delayed
See More

Investors dump Anglo

Nov 13 2012 12:30

Company Data


Last traded 95
Change 2
% Change 3
Cumulative volume 3437575
Market cap 0

Last Updated: 24-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Brazil big blow for Anglo

Carroll had to go - shareholders

Mixed reponses to Anglo resignation

Anglo CEO Cynthia Carroll to step down

Johannesburg - Shares of Anglo American [JSE:AGL] tumbled 3.5% to R246.50 on the JSE after the company raised the estimated cost of its Minas Rio iron ore project, saying it was likely to cost more than $8bn, the higher end of analyst forecasts.
Analysts have long said spending at the Brazilian project could rise to at least $8bn from previous Anglo forecasts of $5.8bn, already twice original estimates.
The stock was also hit by a trading update from subsidiary Kumba Iron Ore.
Kumba’s shares also took a beating, sliding 2.2% to R529.01 after the producer of the steel making ingredient said full-year earnings would likely fall by at least 20%, hit by a wildcat strike at its Sishen Mine and a decrease in export iron ore prices.

The company says the Sishen strike has so far cost it 2.6Mt of lost production. Attendance rates in Sishen's mining production area remain low, which is hampering output, Kumba says.
anglo american  |  kumba iron ore



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote