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News Breaks
January 29, 2013
10:30 EDTAAUKYAnglo American confirms Mina-Rio capex; records $4B impairment
Anglo American has completed the detailed cost and schedule review of its Minas-Rio iron ore project in Brazil announced in November. Following its Novembers guidance and the completion of the review, capital expenditure for the Minas-Rio project is projected to increase to $8.8B, if a centrally held risk contingency of $600M is utilised in full. On the basis of the revised capital expenditure requirements and its assessment of the full potential of phase one of the project (excluding at this stage the potential for future expansions to 90 mtpa), Anglo American will record an impairment charge of $4B at 31 December 2012 on a post-tax basis. Despite the challenges the Minas-Rio project has faced, Anglo American is targeting first ore on ship, FOOS, by the end of 2014. Reference Link
News For AAUKY From The Last 14 Days
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January 23, 2015
10:02 EDTAAUKYOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmSurg (AMSG) upgraded to Overweight from Neutral at Piper Jaffray... Anglo American (AAUKY) upgraded to Neutral from Sell at Goldman... Autobytel (ABTL) upgraded to Buy from Hold at Ascendiant... Charles River Labs (CRL) upgraded to Outperform from Market Perform at William Blair... Chesapeake (CHK) upgraded to Outperform from Neutral at Credit Suisse... CubeSmart (CUBE) upgraded to Buy from Neutral at SunTrust... Cypress Semiconductor (CY) upgraded to Neutral from Underweight at JPMorgan... DreamWorks Animation (DWA) upgraded to Overweight from Neutral at Piper Jaffray... E-Trade (ETFC) upgraded at Credit Suisse... Kate Spade (KATE) upgraded to Buy from Neutral at Mizuho... LinkedIn (LNKD) upgraded to Strong Buy from Market Perform at Raymond James... Matthews (MATW) upgraded to Outperform from Neutral at Macquarie... Meridian Bioscience (VIVO) upgraded to Buy from Hold at Craig-Hallum... Michael Kors (KORS) upgraded to Buy from Neutral at Mizuho... NIC Inc. (EGOV) upgraded to Hold from Sell at Maxim... Natural Grocers (NGVC) upgraded to Overweight from Neutral at Piper Jaffray... Nucor (NUE) upgraded to Buy from Neutral at Goldman... ResMed (RMD) upgraded to Buy from Hold at Needham... Smith & Wesson (SWHC) upgraded to Buy from Neutral at Dougherty... Ternium (TX) upgraded to Neutral from Sell at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at BB&T... ZAGG (ZAGG) upgraded to Buy from Hold at Craig-Hallum... lululemon (LULU) upgraded to Overweight from Neutral at JPMorgan.
05:39 EDTAAUKYAnglo American upgraded to Neutral from Sell at Goldman
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