Anglo American: A Diversified Commodities Play With Platinum Exposure
Alex B. Gray submits:Anglo American PLC (AAUKY.PK) is a worldwide mining company with operations in Africa, Australia, North America, South America, Europe and Asia. The company boasts a highly diversified mining portfolio which includes the platinum group of metals, diamonds, copper, nickel, iron ore, coal and other minerals. The company's revenues are well divided between platinum, iron ore and coal (both thermal and metallurgical), which provided approximately 60% of revenues in 2010 with each providing about 20% each. The remaining 40% was provided by copper 15%, diamonds 8% and other mining and industrial activities 17%. Operating profit increased substantially in 2010 driven by improved results in the iron ore, copper and platinum operating units. However, the iron ore and copper units supplied nearly 67% of total operating profits. Below, I briefly discuss the major operating units and how they performed in 2010 as well as expectations for 2011.
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