Share: Anglo AmericanJSE share code: AGLShare price:12m High: R334.3012m Low: R245.00 Resources stocks listed on the JSE have, over the past 12 months, enjoyed far better returns than most other sectors on the JSE. This is due largely to a strong global economy (at least in developed markets), higher industrial metals and commodity prices and a weaker rand. Anglo American was the first diversified mining company to start consolidating its operations and selling off less profitable assets. Since it started restructuring and refocusing its efforts, many other diversified mining companies have followed suit. It has now completed its restructuring process and is focusing on a few key, highly profitable commodities. These are platinum group metals, thermal and coking coal, diamonds, iron ore, copper, nickel and manganese. In search of efficiency, Anglo American has started a commodity trading unit. In general, mining companies do not trade in the commodity market other than selling the r...

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