Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Anglo American plc    AAL   GB00B1XZS820

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Anglo American Platinum Testing Fuel Cell Locomotive

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/09/2012 | 12:44pm CET

Anglo American Platinum Ltd. (AMS.JO) said Wednesday it's testing a platinum-based fuel cell-powered mining locomotive, in order to try and jumpstart a fuel cell industry in South Africa.

The world's largest platinum miner said it's working with partners to develop a locomotive which it will then test in one of its mines underground. Anglo American Platinum, a unit of Anglo American PLC (>> Anglo American plc), said it's working with Vehicle Projects, Trident South Africa, and Battery Electric.

"A South African fuel cell industry would support the country's drive for jobs and help to meet its energy challenges," Anglo American chief executive Cynthia Carroll said.

Anglo American said hydrogen powered fuel cell locomotives are more economical and environmentally friendly than traditional rail transport. A fuel cell is essentially a gas battery that produces electricity as long as it is fed with hydrogen gas.

The company is also working with government departments to develop a fuel cell industry in South Africa, and the "collaborative work is intended to enable the development of a local fuel cell manufacturing, distribution, marketing and servicing industry which will be globally competitive," Anglo American said.

-By Devon Maylie, Dow Jones Newswires; +27117837848; devon.maylie@dowjones.com

(MORE TO FOLLOW) Dow Jones Newswires

05-09-12 0643ET

Stocks mentioned in the article : Anglo American plc, Anglo American plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANGLO AMERICAN PLC
12/06 DIRECTOR DEALINGS : Anglo American Executive Sells 50,000 Shares
12/05 ANGLO AMERICAN : *citigroup raises anglo american to 'neutral' ('sell') - target..
12/05 ANGLO AMERICAN : Holding(s) in Company
12/02 ANGLO AMERICAN : *ubs raises anglo american price target to 1300 (950) pence - '..
12/02 ANGLO AMERICAN : exits Exxaro
12/01 ANGLO AMERICAN : Sells At Discount To Trim South Africa Exposure
12/01 ANGLO AMERICAN : *exane bnp raises anglo american to 'neutral' ('up') - target 1..
12/01 TOP NEWS : Anglo American Gets USD215 Million From Exxaro Stake Sale
12/01 ANGLO AMERICAN : sells 9.7% interest in Exxaro $215m
11/30 TOP NEWS : Anglo American To Exit South Africa's Exxaro Resources
More news
Sector news : Integrated Mining
12/08DJAsian Shares Lifted by Record Wall Street Close
12/07DJRussia Sells Stake in Oil Giant Rosneft to Glencore, Qatar
12/05DJBHP Billiton Wins Trion Oil Field Bid
12/05DJBHP Billiton Buys 60% of Two Blocks Offshore Mexico for Up to $382.4 Million
12/05DJAustralia's BHP Billiton Wins Bidding for Stake in Mexico's Trion Oil Field -..
More sector news : Integrated Mining
News from SeekingAlpha
12/08 BLOOMBERG : Rio Tinto wants to buy diamonds, but that's easier said than done
11/28 South Africa mining industry on "knife edge," Sibanye CEO says
11/26 Which Of The Major Copper Miners Should I Buy
11/21 Anglo American may delay plan to divest non-core assets, CEO says
11/17 Anglo American halts operations at Los Bronces copper mine in Chile
Advertisement
Financials ($)
Sales 2016 21 134 M
EBIT 2016 2 857 M
Net income 2016 406 M
Debt 2016 9 262 M
Yield 2016 -
P/E ratio 2016 25,64
P/E ratio 2017 9,07
EV / Sales 2016 1,49x
EV / Sales 2017 1,33x
Capitalization 22 252 M
More Financials
Chart ANGLO AMERICAN PLC
Duration : Period :
Anglo American plc Technical Analysis Chart | AAL | GB00B1XZS820 | 4-Traders
Full-screen chart
Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 14,0 $
Spread / Average Target -11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
John Parker Non-Executive Chairman
René Médori Executive Director & Finance Director
Anthony Martin O'Neill Director & Technical Director
Philip Roy Hampton Senior Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN PLC298.90%22 252
BHP BILLITON PLC79.21%98 095
BHP BILLITON LIMITED42.67%98 095
RIO TINTO LIMITED32.27%75 387
RIO TINTO PLC51.83%75 387
GRUPO MEXICO S.A. DE C..66.57%23 319
More Results