Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.
Acacia Mining is a holding company. Through its subsidiaries, Co. is a gold producer in Tanzania. Co.'s primary business is the mining, processing and sale of gold. In addition, Co. produces copper and silver as a co-product. Co. has three operating mines located in Tanzania: North Mara gold mine; Bulyanhulu gold mine; and Buzwagi gold mine. Co. also has a portfolio of exploration projects located across Africa.
Altyn is a holding company and a provider of support and management services to its operating subsidiaries. Together with its subsidiaries, Co. is engaged in the production of gold dore from the Sekisovskoye gold and silver deposits, and the development of further suitable investment opportunities. Co. is in the process of developing the underground mine, involving development of the second decline and access portal, in addition to drilling and preparing the ore bodies for production.
Anglesey Mining is a mining company. Co. is engaged primarily in the business of exploring and evaluating its wholly owned Parys Mountain zinc, lead, copper project in North Wales. As of Mar 31 2017, Co.'s projects included: 100% of the Parys Mountain underground zinc-copper lead-silver-gold deposit in North Wales, U.K.; 12% of Labrador Iron Mines Holdings Limited, which held direct shipping iron ore deposits in Labrador and Quebec, Canada; and a 6% interest in, and management rights to, the Grangesberg Iron project in Sweden, together with a right of first refusal to increase its interest to 51%.
Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
Anglo Pacific Group is a global natural resources royalty company. Co. secures natural resources royalties and streams by creating new royalties directly with operators or by acquiring existing royalties. Co. has royalties and investments in mining and exploration interests primarily in Australia, North and South America and Europe, with an exposure to commodities represented by coal, uranium, gold and iron ore.
Antofagasta is a Chilean copper mining group engaged in the discovery, development and operation of copper mining assets. Co. operates four copper mines in Chile, two of which also produce significant volumes of by-products. In addition to mining, Co. has a transport division that provides rail and road cargo services in northern Chile primarily to mining customers, including to some of Co.'s own operations. Co. is organized into two business divisions based on their products: Mining and Railway and other transport services. The mining division is split by mine and exploration activity. The transport division provides rail cargo and road cargo together with a number of ancillary services.
Avocet Mining is a West African gold mining and exploration company. Co. operates the Inata gold mine in Burkina Faso and has an interest in exploration projects in Burkina Faso and Guinea. Co. is engaged in gold mining, mineral processing and exploration. As of Dec 31 2016, Co.'s proven and probable ore reserves were 3.1 million and 1.8 million tonnes, respectively.
BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.
Bisichi Mining is a mining company and its principal activity is coal mining in South Africa.
BP is an integrated oil and gas group based in the United Kingdom. Co. is engaged in the exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and the manufacture and marketing of petrochemicals. Co. operates globally, with business activities in Europe, the U.S., Canada, Russia, South America, Australasia, Asia and parts of Africa. Co. operates in two business segments: Exploration and Production - including oil and natural gas exploration and development and production; and Refining and Marketing- activities include the refining, manufacturing, supply and trading, marketing and transportation of crude oil, petroleum and petrochemicals.
Cadogan Petroleum is engaged in oil and gas exploration, development and production. Co. also conducts gas trading and provides services to other operators.
Cairn Energy is an oil and gas exploration and development company. Co. has three groups of business unit: Senegal, which focuses on appraising the discoveries offshore Senegal and to identify further exploration prospects for drilling; U.K and Norway, which includes exploration activities in the North Sea, Norwegian Sea and Barents Sea and management of Co.'s development assets in the U.K. North Sea; and International, which consists of all other regions where Co. holds exploration licenses, including Greenland, Ireland, Morocco, Western Sahara, Mauritania and the Mediterranean. As at Dec 31 2016, Co. had total proved plus probable reserves of 51.5 million barrels of oil equivalent.
Centamin is a mineral exploration, development and mining company. Co. is engaged in the business of exploration and mining of precious metals in the Sukari Gold Mine located in the Eastern Desert of Egypt.
Enquest is an oil and gas production and development company. As of Dec 31 2016, Co.'s principal U.K. assets were its interests in the producing operated oil fields Heather/Broom, Thistle/Deveron, the Dons area, the Greater Kittiwake Area, Alma/Galia and Scolty/Crathes. In addition, Co. had interests in the Kraken development and also a non-operated interest in the producing Alba oil field. In Malaysia, Co.'s operated assets comprise the PM8/Seligi Production Sharing Contract and the Tanjong Baram Risk Services Contract. At Dec 31 2016, Co. had proven and probable reserves of 215.0 million barrels of oil equivalent.
Evraz engages in the production and distribution of steel and related products and coal and iron ore mining. Co. also produces vanadium products. Co. has four segments: Steel, which includes production of steel and related products at all mills except for those in North America, and includes the extraction of vanadium ore and production of vanadium products, iron ore mining and enrichment and certain energy-generating companies; Steel, North America, which includes production of steel and related products in the U.S. and Canada; Coal, which includes coal mining and enrichment; and Other operations, which includes energy-generating companies, shipping and railway transportation companies.
Exillon Energy is an independent oil producer with assets in two oil-rich regions of Northern Russia: Exillon TP in Timan-Pechora and Exillon WS in West Siberia. Co. is engaged in the investment and the acquisition of mining or oil production processing facilities and resources. Co.'s initial focus will be on development opportunities in the Commonwealth of Independent States (CIS) as well as other geographic territories.
Ferrexpo is an iron ore pellet producer. Co. produces, develops and markets its product for sale to the metallurgical industry. Co. operate two mines and a processing plant near Kremenchug in Ukraine, and an interest in a port in Odessa. Co. also owns logistics assets in Austria which operate a fleet of vessels operating on the Rhine and Danube waterways and an ocean-going vessel. Co.'s operations are integrated from iron ore mining through to iron ore concentrate and pellet production and subsequent logistics. Co.'s mineral properties lie within the Kremenchug Magnetic Anomaly and are being extracted at the Gorishne-Plavninskoye and Lavrikovskoye and Yeristovskoye deposits.
Fresnillo is a holding company, engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. At Dec 31 2016, Co. had six reportable operating segments: the Fresnillo mine, an underground silver mine; the Saucito mine, an underground silver mine; the CiA(c)nega mine, an underground gold mine; including the San RamA3n satellite mine; the Herradura mine, a surface gold mine; the Soledad-Dipolos mine, a surface gold mine; and the Noche Buena mine, a surface gold mine. In addition, Co. has two development projects, which comprised of: Pyrites Plant, a Leaching plant; and San Julian (phase II), an underground mine, flotation plant and a dynamic leaching plant.
Glencore is engaged as a natural resource companies. Co. is organized and operates on a worldwide basis in three main business segments: Metals and minerals, which comprised of zinc, copper, lead, alumina, aluminium, ferroalloys, nickel, cobalt and iron ore; Energy products, which comprised of crude oil, oil products, steam coal and metallurgical coal; and Agricultural products, which comprised of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar supported by investments in storage, handling, processing and port facilities.
Gulf Marine Services provides self-propelled, self-elevating support vessels (SESVs) which provide the platform for delivery of a range of services throughout the lifecycle of offshore oil, gas and renewable energy activities and which are capable of operations in the Middle East, South East Asia, West Africa and Europe. The segments of Co. are: Small Class vessels which includes the Naashi and Kamikaze vessels, among others; Mid-Size Class vessels which includes the Shamal, Scirocco and Sharqi vessels; Large Class vessels which includes the Endeavour, Endurance and Enterprise vessels, and; Other vessels, which includes two legacy non-SESV vessels and one accommodation barge (Khawla).
Hardy Oil and Gas is an upstream international oil and gas company whose operating assets are in India. Co.'s portfolio includes a blend of exploration, appraisal and production assets. Co. is engaged in the exploration and production of hydrocarbons. In order to explore Co. must first be granted a licence by the Government of the countries in which Co. chooses to invest. Co. also implements production strategies to optimize the value of recoverable hydrocarbons from existing producing fields. As of Dec 31 2011, Co.'s proven and probable reserves were 15,100,000 stock tank barrels per day.
Hochschild Mining is an underground precious metals company, focusing on the exploration, mining, processing and sale of silver and gold in the Americas. As of Dec 31 2016, Co. and its subsidiaries had has three operating mines (Arcata, Pallancata and Inmaculada) located in southern Peru and one operating mine (San Jose) located in Argentina. Co. and its subsidiaries also have a portfolio of projects located across Peru, Argentina, Mexico and Chile at various stages of development.
Hunting is a holding company. Co.'s segments are: Hunting Titan, which provides perforating products; U.S, which supplies connections, oil country tubular goods (OCTG), drilling tools, subsea equipment, and intervention tools, among others, for the U.S. and overseas markets; Canada, which manufactures connections and accessories for operators in Canada; Europe, which supplies OCTG and well intervention equipment to operators in the North Sea; Asia Pacific, which manufactures connections and OCTG supply; Middle East, Africa and Other, which sells intervention tools in the Middle East and Africa; and Exploration and Production, which comprises its exploration and production activities.
JKX Oil & Gas is engaged in the exploration for, evaluation, development and production of oil and gas reserves. Co. has four reportable operating segments: Ukraine and Russia segments are involved with production and exploration; the Rest of World segment is involved in exploration, development and production and the U.K. segment includes the head office and purchases material, capital assets and services on behalf of other segments. The Rest of World segment comprises operations in Hungary and Slovakia. As of Dec 31 2016, Co. had proved and probable oil and gas reserves of 29.1 million barrels of oil equivalent (MMboe) in Ukraine and 80.3 MMboe in Russia.
John Wood Group provides services primarily to the oil and gas and power generation industries worldwide. Co. designs, modifies, constructs and operates industrial facilities, mainly in the oil and gas sector. Co. provides its services across the asset life cycle and enhances this with a range of specialist technical solutions. Co. operates through three segments: Asset Life Cycle Solutions East (ALCS East), Asset Life Cycle Solutions West (ALCS West), and Specialist Technical Solutions (STS). ALCS provides projects and modifications and operations and maintenance services mainly in the oil and gas sector. STS engages in automation and subsea and technology activities.
Kaz Minerals is a holding company. Co. and its subsidiaries operates in the natural resources industry through five divisions: Bozshakol, Aktogay and East Region, which are engaged in the mining and processing of copper and other metals in Kazakhstan; Bozymchak, which is engaged in the mining and processing of copper and gold in Kyrgyzstan; as well as Mining Projects, which is engaged in the development of metal deposits and processing facilities in Kazakhstan. Co. operates the Bozshakol and Aktogay open pit copper mines in Pavlodar and the East Region of Kazakhstan, three underground mines in the East Region of Kazakhstan and the Bozymchak copper-gold mine in Kyrgyzstan.
Lamprell is a contractor in the Arabian Gulf, providing specialist services to the offshore and onshore oil and gas industry. The principal markets in which Co. operates are: new build construction of jack-up rigs and lift-boats and upgrade and refurbishment of jack-up rigs; other new build construction for the offshore oil and gas sector including FPSO, tender assist drilling units and other offshore and onshore structures; and oilfield engineering services, including the new build construction, upgrade and refurbishment of land rigs. Co. has three facilities located in the United Arab Emirates.
Nostrum Oil & Gas is an independent oil and gas company, engaged in the production, development and exploration of oil and gas. Co. operates three exploration concessions and are primarily conducted through its oil and gas producing subsidiary Zhaikmunai LLP located in Kazakhstan. Zhaikmunai LLP carries out its activities in accordance with the Contract for Additional Exploration, Production and Production-Sharing of Crude Hydrocarbons in the Chinarevskoye oil and gas condensate field for the exploration and production of hydrocarbons in Chinarevskoye oil and gas condensate field.
Petrofac is a holding company. Co. is engaged as a service provider to the oil and gas production and processing industry. Co. designs, builds, operates and maintains oil and gas facilities. Co. has three segments: Engineering & Construction, which provides engineering, procurement and construction project execution services to the onshore and offshore oil and gas industry; Engineering & Production Services, which includes engineering and production services activities to the oil and gas industry; and Integrated Energy Services, which provides an integrated service for clients, with projects that cover upstream developments project, related energy infrastructure projects, and investment.
Petropavlovsk is engaged in the mining of precious and non-precious metals which require it to hold licences which permit it to explore and mine in particular areas in Russia. Co.'s reportable segments, which are aligned with its operating locations, are Pokrovskiy, Pioneer, Malomir and Albyn hard-rock gold mines which are engaged in gold and silver production as well as field exploration and mine development.
Soco International is an oil and gas exploration and production company. Co. has exploration, development and production interests in Vietnam, and exploration and appraisal interests in the Republic of Congo and Angola. As of Dec 31 2016, Co.'s commercial reserves were 33.3 million barrels of oil equivalent.
Polymetal International is the ultimate parent entity of Polymetal Group, a precious metals mining group operating in Russia, Kazakhstan and Armenia. Co. has five reportable segments: Magadan; Ural; Khabarovsk; Kazakhstan; and Armenia. Each segment is engaged in gold, silver or copper mining and related activities, including exploration, extraction, processing and reclamation.
Premier Oil is an exploration and production company with oil and gas interests in the North Sea, South East Asia, Pakistan, the Falkland Islands and Latin America. Co.'s operations are located and managed in six business units; namely the Falkland Islands, Indonesia, Pakistan (including Mauritania), Vietnam, the U.K. and the Rest of the World. Co. is active both offshore and onshore, but all of its operated interests are located offshore. As of Dec 31 2016, Co. had oil, natural gas liquids (NGLs) and gas developed and undeveloped reserves of 353.3 million barrels of oil equivalent, which consisted of 255.2 million barrels of oil and NGLs and 533.10 billion cubic feet of gas.
Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
Tullow Oil is an independent oil and gas exploration and production company. Co.'s focus is on finding oil in Africa and South America. Co.'s primary activities include targeted exploration and appraisal, selective development projects and growing its production. As of Dec 31 2017, Co.'s portfolio included 90 licences in 16 countries. Co.'s operations are organized into three business delivery teams: West Africa; East Africa; and New Ventures. As of Dec 31 2017, on a working interest basis, Co. had commercial reserves of 245.7 million barrels of oil, 268.90 billion cubic feet of gas, and 290.5 million barrels of oil equivalent (petroleum).
The independent financial analyst theScreener just awarded an improved star rating to FERREXPO PLC. (GB), active in the Steel industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 1 out of 4 possible stars. Given its market behaviour as moderately risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Neutral; the title, however, remains unattractive. As of the analysis date November 19, 2019, the closing price was GBp 142.25 and its target price was estimated at GBp 103.99.
Downgrade to Sell. Nostrum reported weak Q3 and 9M 19 results. The main problem is falling production, with the decline rate accelerating. In the absence of successful drilling outcomes, the outlook for 2020 is uncertain. Management expects to release 2020 production guidance before year-end, but with daily sales of only 24,000-25,000boepd, nothing short of a miracle could rebuild its credibility in the bond market. According to our forecast, in 2020 Nostrum could generate enough cash to drill 3-7 wells, if Brent stays within US$50-60/bbl and US$100mn reserves are not tapped. To maintain produ...
>The Bulks business is the group’s cash machine - AngloAmerican (AA) organised a CMD in Australia devoted to its Bulks division ($ 3.4bn of EBITDA in H1 2019), i.e. around 60% of the group’s EBITDA and FCF. The CEO, Seamus French, provided an update on the effort to transform the division's portfolio, which includes the iron ore businesses; Kumba ($ 1.4bn, i.e. 40% of divisional EBITDA in H1 2019) and Minas Rio ($ 670m, i.e. 20% of EBITDA), metallurgical coal ($ 906m,...
Currently '(TM)Value Indicator - UK construction & materials' is a value analysis of the Construction & Materials sector of companies quoted on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.
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