Anglo American Writes Down $1.6 Billion
Anglo American Writes Down $1.6 Billion
Two months after avoiding BHP (ASX:BHP), Anglo American has started cleaning up its confused businesses by taking a fresh $1.6 billion write-down on its Yorkshire fertiliser mine in the UK.
兩個月前，英美資源（Anglo American）避開必和必拓（BHP）後，通過對英國約克郡肥料礦山的新一輪16億美元減值開始清理混亂的業務。
This is the second write-down on the project in a year. Last year, the cut was $1.7 billion as Anglo looked for a partner for the troubled project.
這是該項目一年內的第二次減值。去年，由於英美資源一直在尋找麻煩項目的合作伙伴，該項目的減值額爲17億美元。
In its June half-year report, Anglo American said it expects to reach a deal for the sale of its coal assets by early 2025, despite a fire at one of its mines, the Grosvenor underground operation in central Queensland.
在其六月半年報告中，英美資源表示，儘管在昆士蘭州中部的格羅斯文內地下操作中發生火災，該公司仍預計在2025年初前完成其煤炭資產的出售交易。
Revenues in the half-year to June 2024 dropped by 8% to $14.5 billion, while underlying profits were down 23% to $1.29 billion. Net losses were $672 million on a statutory basis.
2024年6月半年度收入下降8%，達14.5億美元，而基本利潤下降23%，降至1.29億美元。按照法定基礎計算，淨虧損爲6720萬美元。
EBITDA was $5 billion, down slightly from $5.1 billion a year ago but higher than market forecasts of around $4.6 billion.
EBITDA爲50億美元，略低於一年前的51億美元，但高於大約46億美元的市場預測。
The miner had already announced it would slow down the development of the fertiliser (polyhalite) mine pending a final investment decision as part of a restructuring of its businesses.
礦業公司已宣佈將放緩肥料（聚滷乙烯）礦山的開發，等待最終投資決策，作爲其業務重組的一部分。
Cutting costs by $1.7 billion was another part of its defense against BHP's offers, with capital spending also reduced by $1.6 billion.
通過削減17億美元的成本，以及減少資本開支16億美元，英美資源打出防禦必和必拓收購的牌。
"Our focus on operational performance is delivering results, most notably in our Copper and Premium Iron Ore businesses, with EBITDA margins of 53% and 43% respectively," said CEO Duncan Wanblad.
首席執行官韋恩布拉德表示：“我們專注於業務運營表現，取得了成果，尤其是在銅和高品位鐵礦石業務方面，其中EBITDA毛利率分別爲53%和43%。”
He added that the coal sale would proceed even after the fire at Grosvenor.
他還表示，儘管格羅斯文內地下操作發生火災，煤炭業務出售仍將繼續進行。
The costs associated with the fire and getting the mine back to production are not yet known. A similar fire at Peabody's North Blackwater mine is expected to cost more than a billion dollars by the time it resumes production later this year, effectively creating a whole new mine with production not reaching full capacity until 2026.
該火災及恢復生產所需的成本尚不清楚。Peabody的北黑水煤礦發生了類似的火災，預計到今年晚些時候恢復生產時將花費超過10億美元，實際上等同於新開採的一座礦，直到2026年才能達到全產能。
On Thursday, Anglo announced plans to conduct a two-stage auction process for its coal assets, including Grosvenor, and added that the mine would likely resume operations under a new owner.
英美資源週四宣佈計劃爲其煤炭資產進行兩階段拍賣，包括格羅斯文內地下操作，並補充說該礦可能在新的業主的管理下恢復運營。
"There are so many interested potential buyers for this set of assets," Wanblad told the media at a briefing.
韋恩布拉德在新聞發佈會上告訴媒體：“有很多有興趣的潛在買家對這組資產感興趣。”
"Our expectation is that hopefully by the end of this year, very early next year...we will have a deal," he added.
他補充說，即使在格羅斯文內地下操作發生火災後，煤炭銷售也將繼續進行。他說：“我們的期望是，希望到今年年底非常早的時候...我們將有一個交易。”
Anglo also reported that its nickel assets in Brazil have attracted interest from potential buyers.
英美資源還報告稱，其在巴西的鎳資產引起了潛在買家的興趣。
"We have had inbound interest from a number of credible parties and we will be starting a formal process later this year," a spokesperson told Reuters.
一位發言人告訴路透社：“我們已經收到了來自許多可信方的詢問，我們將於今年晚些時候開始正式程序。”
This interest comes despite BHP putting its WA nickel business on a care and maintenance basis for the next three years and taking an impairment of more than $3.5 billion.
此舉引起了注意，儘管必和必拓將其西澳尼克爾業務列爲維護狀態並在未來三年內降低其價值超過35億美元。