Anglo American (ADR) PINK:AAUKY has been upgraded to a strong buy with a 2012 price target of $38 issued today by Shayne Heffernan.

Anglo American plc announced that a final dividend of USD0.40 per share has been declared, thereby establishing Anglo American’s new base annual dividend per share at USD0.65 per share, this was approved at the Annual General Meeting to be held on April 21, 2011. Taking into account the Group’s substantial investment programme for future growth, future earnings potential and the continuing need for a robust balance sheet, any surplus cash will be returned to shareholders.

Anglo American plc (Anglo American) is a global mining company. The Company’s portfolio of mining assets and natural resources includes platinum group metals and diamonds, with interests in copper, iron ore, metallurgical coal, nickel and thermal coal, as well as a divestment portfolio of other mining and industrial businesses. It operates in Africa, Europe, South and North America, Australia and Asia. Anglo Platinum, a managed subsidiary, owns platinum reserves. The Company mines, processes and refines a range of platinum group metals. Anglo American owns 45% interest in De Beers. De Beers is a diamond exploration, mining and marketing company. Anglo American’s copper business has interests in six operations in Chile. Anglo American’s nickel business consists of two ferronickel operations: Codemin in Brazil and Loma de Niquel in Venezuela, as well as the Barro Alto ferronickel project in Brazil. It also produces iron ore in South Africa and Brazil. It also produces coal. In South Africa, Anglo American’s thermal coal business owns and operates nine mines and has a 50% interest in the Mafube colliery and Phola washing plant. During the year ended December 31, 2009, the Company sold its remaining interest in AngloGold Ashanti Limited. In May 2010, Anglo American plc announced the sale of Tarmac’s French and Belgian building materials business, Tarmac Materiaux de Construction (TMC), to Fondations Capital. In January 2011, the Company announced the completion of the sale of Moly-Cop and AltaSteel to OneSteel Limited.

The Company mines, processes, refines and markets the entire range of platinum group metals (PGMs), including platinum, palladium, rhodium, ruthenium, iridium and osmium. Base metals such as nickel, copper and cobalt sulphate are by-products. Anglo’s platinum operations exploit Bushveld Complex, which contains the PGM – bearing Merensky, UG2 and Platreef ores. It also owns nine wholly owned mines, a tailings retreatment operation, three smelters, a base metals refinery and a precious metals refinery. Anglo Platinum also owns 85% interest of a mine and has four joint ventures and two pooling and sharing arrangements, including Bafokeng – Rasimone Platinum Mines (BPRM) and Styldrift properties, Mototolo, Modikwa, Kroondal and Marikana.

De Beers owns mines in Botswana, Canada, Namibia and South Africa. De Beers holds 50% interest in Debswana Diamond Company and in Namdeb Diamond Corporation, owned jointly with the GRB and the Government of the Republic of Namibia (GRN) respectively, and 70% interest in De Beers Marine Namibia. De Beers owns 100% of The Diamond Trading Company (DTC), the sales and rough diamonds distribution arm of De Beers. It also has 50% interest with the GRB in Diamond Trading Company Botswana and 50% interest, along with the GRN’s matching shareholding, in Namibia Diamond Trading Company. De Beers, through Element Six, is a supplier of industrial diamond materials. In Chile, the Company has interests in six copper operations. These operations consist of the wholly owned Los Bronces, El Soldado, Mantos Blancos and Mantoverde mines, the Chagres smelter and 44% interest in the Collahuasi mine. The mines also produce associated by-products, such as molybdenum and silver. It also has controlling interests in the Quellaveco and Michiquillay copper projects in Peru and 50% interest in the Pebble project in Alaska.

The Company’s nickel business consists of the wholly owned Codemin mine in Brazil and the Loma de Niquel mine, in which it holds 91% interest, in Venezuela. It holds 62.76% interest in Kumba Iron Ore, a iron ore company. The Company operates two mines in South Africa: Sishen in the Northern Cape, and Thabazimbi in Limpopo. In Brazil, it has 100% interest in the Minas Rio iron ore project. It also holds 49% interest in LLX Minas Rio, which owns the port of Acu from which iron ore from the Minas Rio project. It holds 40% interest in Samancor Manganese, which owns Hotazel Manganese Mines and Metalloys, both in South Africa, and Australian-based Groote Eylandt Mining Company (GEMCO) and Tasmanian Electro Metallurgical Company (TEMCO).

The Company’s metallurgical coal operations are focused primarily on the east cost of Australia in mines at locations with direct access to rail and port facilities. It operates six mines – one wholly owned and five mines in which it has a controlling interest. Five of the mines – Moranbah North, Capcoal, Foxleigh, Dawson and Callide- are in Queensland. Drayton is in the Hunter Valley in New South Wales. In South Africa, it owns and operates nine mines and has 50% interest in the Mafube colliery and Phola washing plant. In South America, it holds 33% interest in Cerrejon Coal, an open cast operation in Colombia. Cerrejon owns and operates its own rail and deep water port facilities and sells into the export thermal and pulverised coal injection (PCI) markets in Europe and the United States.

	Company	Industry	Sector	S&P 500
Sales (MRQ) vs Qtr. 1 Yr. Ago	32.89	20.31	43.44	8.16
Sales (TTM) vs TTM 1 Yr. Ago	34.05	17.65	21.41	10.40
Sales – 5 Yr. Growth Rate	6.79	17.20	13.52	7.56
EPS (MRQ) vs Qtr. 1 Yr. Ago	880.50	91.51	88.03	54.43
EPS (TTM) vs TTM 1 Yr. Ago	163.54	–	–	–
EPS – 5 Yr. Growth Rate	17.56	15.54	24.75	4.94
Capital Spending – 5 Yr. Growth Rate	9.45	9.55	16.37	3.63

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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Chutinush Taksinapinunt (ANISTA)

Business Development Director

Heffernan Capital Management

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Posted by Shayne Heffernan on May 5th, 2011and filed underEquities, Latest News, Markets, The Hot List, USA.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site