Citi Upgrades Anglo American (AAUK) to Buy
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Citi upgrades Anglo American (Nasdaq: AAUK) from Hold to Buy.
Citi analyst says, "AAL has a number of unapproved growth projects that could add incremental value. If all of these are included, our base case NPV could increase by c.$15bn to $97bn. These projects include the expansion of Collahuasi to 1 mtpa copper by 2014, Michiquillay in Peru, a potential 300 ktpa copper project, and further expansions to the Sishen iron ore mine in SA."
Anglo American PLC is a mining and natural resources company.[SM]
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