Anglo flags deeper diamond production cuts

Quick Summary:

Costs for the coal business are also expected to be significantly higher this year, at a range of $130 to $140 per tonne, up from $115 per tonne.

Full-year guidance for metallurgical coal was downgraded from 15mn to 17mn tonnes to 14mn to 15.5mn tonnes after a fire broke out at Grosvenor, one of its Australian mines, putting it out of action for months.

Shares in Anglo gained 2 per cent in early trading in London on Thursday as production for most commodities beat consensus analyst forecasts.

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Article Details

Author / Journalist: Harry Dempsey

Category: MarketsFinanceInvesting

Markets: United StatesAustralia

Topics: Beers Production Company Coal Diamond Year Anglo Cent Second-quarter Division Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 07:30:32 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21671968

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