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Large cap mining speaks #1: Anglo American

By Chris Bailey of Financial Orbit | Tuesday 8 December 2015


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


It is a big week for the FTSE-100’s large cap miners.  With the Bloomberg Commodity Index yesterday falling to its lowest level since June 1999 sentiment is – to choose a suitable mining metaphor – crushed.  Glencore (GLEN) hosts an investor update on Thursday, Rio Tinto (RIO) has announced new capex cuts ahead of an update from its important aluminium division later today whilst Anglo American (AAL) has updated the stock market this morning.


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