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Thungela CEO sees world shunning new coal as boon for existing mines

Thungela CEO sees world shunning new coal as boon for existing mines July Ndlovu sees bouyant prices from coal supply squeeze Climate scientists urging rapid phrase out of coal Investment and licences ever harder to get for new mines Asia market offsets cuts from rich nations By Tim Cocks JOHANNESBURG, Oct 25 (Reuters) - New coal investment may be drying up as the world seeks greener energy, but for miners like South Africa's Thungela Resources TGAJ.J that could be a boon if Asia's ravenous appe
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Anglo American, Munich Re, Stora Enso Oyj

EUROPE RESEARCH ROUNDUP-Anglo American, Munich Re, Stora Enso Oyj Oct 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Munich Re and Stora Enso Oyj , on Friday. HIGHLIGHTS * Anglo American Plc AAL.L : HSBC cuts target price to 2150p from 2200p * Brooks MacDonald Group Plc BRK.L : Peel Hunt cuts to add from buy * DSV DSV.CO : HSBC raises to buy from hold * Munich Re MUVGn.DE : Berenberg cuts to hold for buy * Stora
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Can Anglo's copper pivot help thwart renewed takeover bid?

RPT-FOCUS-Can Anglo's copper pivot help thwart renewed takeover bid? Repeats OCT 24 story, no change to text Copper assets key to Anglo's defence against takeover BHP may wait for Anglo's restructuring before another bid By Felix Njini JOHANNESBURG, Oct 25 (Reuters) - The speed at which Anglo American shifts to becoming a copper-focused miner may well dictate its ultimate fate - survival as an independent operator, or absorption by a bigger rival such as BHP Group, which earlier this year failed
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FTSE 100 closes higher on earnings boost

UPDATE 1-FTSE 100 closes higher on earnings boost FTSE 100 up 0.13%; FTSE 250 down 0.19% Unilever up after Q3 results British preliminary flash PMI down to 51.7 in Oct Updated at 1555 GMT By Pranav Kashyap Oct 24 (Reuters) - London's blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings and economic data that bolstered bets of more rate cuts from the Bank of England.
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South African rand firms; platinum group metals stocks soar

UPDATE 1-South African rand firms; platinum group metals stocks soar Updates prices as of 1520 GMT, recasts to include platinum group metals stocks, adds analyst comment in paragraph 3 JOHANNESBURG, Oct 24 (Reuters) - South Africa's rand gained against a weaker dollar on Thursday while local platinum group metals (PGMs) producers' shares soared over concerns about supply sanctions on top palladium producer Russia.
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Can Anglo's copper pivot help thwart renewed takeover bid?

FOCUS-Can Anglo's copper pivot help thwart renewed takeover bid? Copper assets key to Anglo's defence against takeover BHP may wait for Anglo's restructuring before another bid By Felix Njini JOHANNESBURG, Oct 24 (Reuters) - The speed at which Anglo American shifts to becoming a copper-focused miner may well dictate its ultimate fate - survival as an independent operator, or absorption by a bigger rival such as BHP Group, which earlier this year failed to buy the group.
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Markets bounce as Tesla surges, yields retreat

MORNING BID AMERICAS-Markets bounce as Tesla surges, yields retreat A look at the day ahead in U.S. and global markets from Mike Dolan Markets caught a break on Thursday as the white heat of the corporate earnings season saw a beat for megacap Tesla TSLA.O that sent its shares surging 12% before the bell while bond yields beat a retreat on soft business surveys overseas.
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European shares end flat as economic woes overshadow upbeat earnings

UPDATE 2-European shares end flat as economic woes overshadow upbeat earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Travel and leisure tops sectoral gainers Hermes underpins mood in luxury stocks Renault rises after Q3 sales beat Edenred plummets on slight Q3 miss Updated at 1605 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 24 (Reuters) - European shares gave up early gains to close little changed on Thursday a
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Anglo American gains on sticking to copper, diamond production forecasts

BUZZ-Anglo American gains on sticking to copper, diamond production forecasts ** Shares of miner Anglo American AAL.L up 3.7% at 2,408.5p, top pct gainer on the FTSE 100 .FTSE index ** Co maintains FY copper production forecast despite a 13% fall in Q3 ** Also keeps diamond production forecast unchanged after a 25% fall in Q3 ** Raises FY nickel an
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Dalian iron ore dips as mixed supply data, softer global steel outlook weigh

Dalian iron ore dips as mixed supply data, softer global steel outlook weigh Updates closing prices with details By Gabrielle Ng SINGAPORE, Oct 24 (Reuters) - Dalian iron ore futures prices declined on Thursday, as investors weighed mixed production data while a softer global steel market outlook added pressure on prices. The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.26% lower at 755.0 yuan ($106.13) a metric ton.
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South African Markets - Factors to watch on Oct 24

South African Markets - Factors to watch on Oct 24 JOHANNESBURG, Oct 24 (Reuters) - The following company announcements, equity and currency market moves may affect South African markets on Thursday. COMPANIES S.Africa's Clicks posts 14.3% rise in annual profit Amplats revises 2024 refined production guidance SOUTH AFRICAN MARKETS The South African rand slumped on Wednesday against a stronger dollar on bets that the Federal Reserve won't rush to cut interest rates and as investors were uncertain
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UK Stocks-Factors to watch on Oct 24

UPDATE 1-UK Stocks-Factors to watch on Oct 24 Adds news items, FTSE 100 index trading Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index trading up 0.5% in early trade on Thursday. * LSEG: London Stock Exchange Group LSEG.L said its income rose a better-than-expected 9.5% in the third quarter versus a year earlier. * BARCLAYS: Barclays' BARC.L third quarter profit rose 18% as its investment bank cashed in on a jump in corporate dealmaking and trading during the period.
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EMR hires bankers to sell Australia's Kestrel coking coal mine

EMR hires bankers to sell Australia's Kestrel coking coal mine By Melanie Burton MELBOURNE, Oct 24 (Reuters) - Private equity house EMR Capital has hired bankers to sell the Kestrel coking coal mine in Australia, a process that could kick off before the year's end, CEO Jason Chang said on Wednesday. Chang declined to comment on whether the sale process was for EMR's stake only or for the whole operation.
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Anglo American copper, diamond output down in Q3, 2024 guidance unchanged

UPDATE 2-Anglo American copper, diamond output down in Q3, 2024 guidance unchanged Q3 copper output down 13%, diamond output down 25% De Beers exploring options for further output cuts Anglo keeps full-year output guidance unchanged Updates with coal production guidance, share price LONDON, Oct 24 (Reuters) - Global miner Anglo American AAL.L on Thursday posted double-digit falls in its third-quarter copper and diamond production but maintained its 2024 guidance for the commodities.
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Anglo American copper, diamond output down in Q3, 2024 guidance unchanged

Anglo American copper, diamond output down in Q3, 2024 guidance unchanged LONDON, Oct 24 (Reuters) - Global miner Anglo American AAL.L on Thursday posted double-digit falls in its third quarter copper and diamond production but kept its 2024 guidance unchanged for both. Anglo said its copper output fell 13% in the third quarter while rough diamond production decreased by 25% on cuts due to prolonged lower demand.
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UK Stocks-Factors to watch on Oct 24

UK Stocks-Factors to watch on Oct 24 Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.22%. * CAR PRODUCTION: UK car output fell for the seventh consecutive month in September, as factories wind down production of current models to retool for new zero-emission vehicles (ZEV), industry data showed.
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Luxury and miners lift Europe

LIVE MARKETS-Luxury and miners lift Europe Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com LUXURY AND MINERS LIFT EUROPE The STOXX 600 .STOXX is up 0.3%, set to close the week with a modest gain of 0.6%. China-exposed markets segments are doing well, even after data showed China's economy grew at the slowest pace since early 2023 in the third quarter.
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Financial Times - Oct 17

PRESS DIGEST- Financial Times - Oct 17 Oct 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - BHP chief sparks fresh Anglo bid speculation after South Africa trip - Airbus to cut up to 2,500 jobs at defence and space unit - London Underground workers to strike over pay - UK considering sanctions against far-right Israeli ministers Overview - BHP BHP.AX CEO Mike Henry met government off
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BHP first-quarter iron ore production tops estimates, copper output rises

UPDATE 3-BHP iron ore output beats, copper production edges up on better grades at Escondida Copper output rises 4% Iron-ore output beat Jansen Stage 1 now 58% complete Rewrites throughout with further updates on background, details, M&A; adds analyst comment, share moves By Rishav Chatterjee Oct 17 (Reuters) - Global miner BHP BHP.AX beat first-quarter iron ore output estimates on Thursday, spurred by easing of bottlenecks at its Western Australia operations amid efforts by China to revive its
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BHP Chief Sparks Fresh Anglo Bid Speculation After South Africa Trip - FT

BRIEF-BHP Chief Sparks Fresh Anglo Bid Speculation After South Africa Trip - FT Oct 16 (Reuters) - Anglo American PLC AAL.L : BHP CHIEF SPARKS FRESH ANGLO BID SPECULATION AFTER SOUTH AFRICA TRIP - FT Source text: https://tinyurl.com/33f3r264 Further company coverage: AAL.L
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