Anglo American (AAL)

Sector:

Mining

Index:

FTSE 100

2,513.50p
   
  • Change Today:
      3.50p
  • 52 Week High: 2,773.50
  • 52 Week Low: 1,670.20
  • Currency: UK Pounds
  • Shares Issued: 1,337.58m
  • Volume: 15,052,068
  • Market Cap: £33,620m
  • RiskGrade: 209

Anglo American to oppose any Kabwe claim appeal

By Josh White

Date: Monday 22 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Anglo American said in an update on Monday that it would oppose any appeal related to the Kabwe claim, which it considers "misconceived".
The FTSE 100 mining giant's update followed the recent decision by the High Court of South Africa to grant claimants the right to appeal a prior judgement that dismissed the application for certification of a class action brought against Anglo American South Africa (AASA).

That application was filed by law firms Leigh Day and Mbuyisa Moleele on behalf of certain Zambian claimants regarding the effects of lead pollution in Kabwe, Zambia.

The company said the High Court's decision to dismiss the certification application in December, after almost a year of deliberation, emphasised the claim's legal and factual flaws, deeming it not in the interest of justice for the class action to proceed.

Anglo American said it viewed the grant of the right to appeal as acknowledging that an appeal to another court was a viable legal option for the claimants within the South African legal process.

However, it said that did not undermine the High Court's decision to dismiss the application in December.

"Anglo American will oppose any appeal that may follow," the board said in its statement.

"As Anglo American has stated throughout, it has every sympathy for the situation in Kabwe, but is not responsible for it.

"Anglo American has stated from the outset that this claim is entirely misconceived."

At 0815 BST, shares in Anglo American were up 0.62% at 2,165.5p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Anglo American Market Data

Currency UK Pounds
Share Price 2,513.50p
Change Today 3.50p
% Change 0.14 %
52 Week High 2,773.50
52 Week Low 1,670.20
Volume 15,052,068
Shares Issued 1,337.58m
Market Cap £33,620m
RiskGrade 209

Anglo American Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.74% above the market average12.74% above the market average12.74% above the market average12.74% above the market average12.74% above the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Price Trend
22.81% above the market average22.81% above the market average22.81% above the market average22.81% above the market average22.81% above the market average
35.66% above the sector average35.66% above the sector average35.66% above the sector average35.66% above the sector average35.66% above the sector average
Income
14.47% below the market average14.47% below the market average14.47% below the market average14.47% below the market average14.47% below the market average
36.36% below the sector average36.36% below the sector average36.36% below the sector average36.36% below the sector average36.36% below the sector average
Growth
88.84% below the market average88.84% below the market average88.84% below the market average88.84% below the market average88.84% below the market average
90.16% below the sector average90.16% below the sector average90.16% below the sector average90.16% below the sector average90.16% below the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 10
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Anglo American Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 17-Aug-23
Paid 03-May-24 26-Sep-23
Amount 41.00¢ 55.00¢

Trades for 31-May-2024

Time Volume / Share Price
16:37 387,714 @ 2,513.50p
16:51 7,561 @ 2,513.50p
16:51 7,561 @ 2,513.50p
16:42 263 @ 2,513.50p
16:42 172 @ 2,513.50p

Anglo American Key Personnel

Chair Stuart J Chambers
CEO Duncan Wanblad
Finance Director John Heasley

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