A combination "makes sense as the deal would create a larger global miner rival to its big diversified peers," Eily Ong, an analyst at Credit Suisse in London, wrote in a note on Monday. Analysts said that Anglo was unlikely to accept a merger proposal unless it were able to secure a large premium or retain control. 
Share:  <span class="sent">A combination "makes sense as the deal would create a larger global miner rival to its big diversified peers," <span class="analyst">Eily Ong</span>, an analyst at Credit Suisse in London, wrote in a note on Monday. </span> Analysts said that <span class="company">Anglo</span> was unlikely to accept a merger proposal unless it were able to secure a large premium or retain control. Tweet this 

A combination "makes sense as the deal would create a larger global miner rival to its big diversified peers," Eily Ong, an analyst at Credit Suisse in London, wrote in a note on Monday. Analysts said that Anglo was unlikely to accept a merger proposal unless it were able to secure a large premium or retain control. 
Share:  <span class="sent">A combination "makes sense as the deal would create a larger global miner rival to its big diversified peers," <span class="analyst">Eily Ong</span>, an analyst at Credit Suisse in London, wrote in a note on Monday. </span> Analysts said that <span class="company">Anglo</span> was unlikely to accept a merger proposal unless it were able to secure a large premium or retain control. Tweet this 

The shares declined 11 percent this year to 1,378 pence by 1:07 p.m. in London, after losing half their value last year. While Anglo's $11 billion of debt isn't "insignificant," the company will be able to manage because of cuts to capital spending this year, Chairman Mark Moody Stuart said yesterday at a shareholders meeting in London. The miner has also stopped buying back stock to save cash after global metals demand fell. "The cash raised by the group would quell the need of a rights issue," Eily Ong, a London based analyst for Credit Suisse Group AG, wrote in a research note today.  
Share:  The shares declined 11 percent this year to 1,378 pence by 1:07 p.m. in London, after losing half their value last year. While <span class="company">Anglo</span>'s $11 billion of debt isn't "insignificant," the company will be able to manage because of cuts to capital spending this year, Chairman Mark Moody Stuart said yesterday at a shareholders meeting in London. The miner has also stopped buying back stock to save cash after global metals demand fell. <span class="sent"> "The cash raised by the group would quell the need of a rights issue," <span class="analyst">Eily Ong</span>, a London based analyst for Credit Suisse Group AG, wrote in a research note today. </span> Tweet this 

Around $1.1 billion of the loan had been drawn. The miner also has sold off its stake in miner AngloGold Ashanti Ltd (AU) for $1.7 billion, suspended its share buyback program, cut capital expenditures, and eliminated a final dividend. "We believe that these cash raised by the group would quell the need of a rights issue," Credit Suisse analyst Eily Ong said in a note. Company Web site: www.angloamerican.co.uk . By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com . 
Share:  Around $1.1 billion of the loan had been drawn. The miner also has sold off its stake in miner AngloGold Ashanti Ltd (<span class="company">AU</span>) for $1.7 billion, suspended its share buyback program, cut capital expenditures, and eliminated a final dividend. <span class="sent"> "We believe that these cash raised by the group would quell the need of a rights issue," Credit Suisse analyst <span class="analyst">Eily Ong</span> said in a note. </span> Company Web site: www.angloamerican.co.uk . By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com . Tweet this 

Around $1.1 billion of the loan had been drawn. The miner also has sold off its stake in miner AngloGold Ashanti Ltd (AU) for $1.7 billion, suspended its share buyback program, cut capital expenditures, and eliminated a final dividend. "We believe that these cash raised by the group would quell the need of a rights issue," Credit Suisse analyst Eily Ong said in a note. Company Web site: www.angloamerican.co.uk . By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com . 
Share:  Around $1.1 billion of the loan had been drawn. The miner also has sold off its stake in miner AngloGold Ashanti Ltd (<span class="company">AU</span>) for $1.7 billion, suspended its share buyback program, cut capital expenditures, and eliminated a final dividend. <span class="sent"> "We believe that these cash raised by the group would quell the need of a rights issue," Credit Suisse analyst <span class="analyst">Eily Ong</span> said in a note. </span> Company Web site: www.angloamerican.co.uk . By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com . Tweet this 

The bonds, due 2014, will have a semiannual coupon of 4.25 to 4.75 percent a year, it said. They will have an initial conversion price 30 to 35 percent above the weighted average price of Anglo shares from today to the date when they're priced, the company said. While Anglo's $11 billion of debt isn't "insignificant," the company will be able to manage because of cuts to capital spending this year, Chairman Mark Moody Stuart said yesterday at a shareholders meeting in London. The miner has also stopped buying back stock to save cash after global metals demand fell. "The cash raised by the group would quell the need of a rights issue," Eily Ong, a London based analyst for Credit Suisse Group AG, wrote in a research note today.  
Share:  The bonds, due 2014, will have a semiannual coupon of 4.25 to 4.75 percent a year, it said. They will have an initial conversion price 30 to 35 percent above the weighted average price of <span class="company">Anglo</span> shares from today to the date when they're priced, the company said. While <span class="company">Anglo</span>'s $11 billion of debt isn't "insignificant," the company will be able to manage because of cuts to capital spending this year, Chairman Mark Moody Stuart said yesterday at a shareholders meeting in London. The miner has also stopped buying back stock to save cash after global metals demand fell. <span class="sent"> "The cash raised by the group would quell the need of a rights issue," <span class="analyst">Eily Ong</span>, a London based analyst for Credit Suisse Group AG, wrote in a research note today. </span>...They will have an initial conversion price 30 to 35 percent above the weighted average price of <span class="company">Anglo</span> shares from today to the date when they're priced, the company said. While <span class="company">Anglo</span>'s $11 billion of debt isn't "insignificant," the company will be able to manage because of cuts to capital spending this year, Chairman Mark Moody Stuart said yesterday at a shareholders meeting in London. The miner has also stopped buying back stock to save cash after global metals demand fell. <span class="sent"> "The cash raised by the group would quell the need of a rights issue," <span class="analyst">Eily Ong</span>, a London based analyst for Credit Suiss Tweet this 

Antofagasta Plc, the London copper miner, was downgraded to underperform from neutral at Credit Suisse, which affirmed its price target at 4.5 pounds ($6.34) a share. The brokerage also cut its fiscal 2009 earnings estimate by 6%, to 21 cents a share from 23 cents, to reflect the group's fiscal 2008 results, higher cash cost, and changes in production estimates. "The stock has obvious appeal" based on its net cash of $1.38 billion and ability to increase capital spending by 32% in fiscal 2009, analyst Eily Ong said in a report.  
Share:  <span class="company">Antofagasta Plc</span>, the London copper miner, was downgraded to underperform from neutral at Credit Suisse, which affirmed its price target at 4.5 pounds ($6.34) a share. The brokerage also cut its fiscal 2009 earnings estimate by 6%, to 21 cents a share from 23 cents, to reflect the group's fiscal 2008 results, higher cash cost, and changes in production estimates. <span class="sent"> "The stock has obvious appeal" based on its net cash of $1.38 billion and ability to increase capital spending by 32% in fiscal 2009, analyst <span class="analyst">Eily Ong</span> said in a report. </span> Tweet this 

Antofagasta Plc, the London copper miner, was downgraded to underperform from neutral at Credit Suisse, which affirmed its price target at 4.5 pounds ($6.34) a share. The brokerage also cut its fiscal 2009 earnings estimate by 6%, to 21 cents a share from 23 cents, to reflect the group's fiscal 2008 results, higher cash cost, and changes in production estimates. "The stock has obvious appeal" based on its net cash of $1.38 billion and ability to increase capital spending by 32% in fiscal 2009, analyst Eily Ong said in a report.  
Share:  <span class="company">Antofagasta Plc</span>, the London copper miner, was downgraded to underperform from neutral at Credit Suisse, which affirmed its price target at 4.5 pounds ($6.34) a share. The brokerage also cut its fiscal 2009 earnings estimate by 6%, to 21 cents a share from 23 cents, to reflect the group's fiscal 2008 results, higher cash cost, and changes in production estimates. <span class="sent"> "The stock has obvious appeal" based on its net cash of $1.38 billion and ability to increase capital spending by 32% in fiscal 2009, analyst <span class="analyst">Eily Ong</span> said in a report. </span> Tweet this