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New hands on the financial tiller

Mining - 18 June 2020

Which JSE listed mining company has a market capitalisation 40% larger than Anglo American, almost half as much again as Glencore, and larger than AngloGold Ashanti, Gold Fields, Impala, Sibanye Stillwater and Exxaro combined? That company is BHP, a behemoth and a constituent of most diversified portfolios. Ingham Analytics say they take notice of big job announcements – not least the key finance role at an uncertain time. David Lamont is the new CFO at BHP – unusually, an external appointment with an interesting background. In their latest Searchlight note “New hands on the financial tiller” Ingham Analytics drill down to the shape BHP is in and the challenges Lamont will face. And, is there some juice still to squeeze out of the BHP share price? Investors interested in mining will also find “Kumba, qaphela!” topical in this context.

Searchlight: R30.00

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