1153 GMT - Anglo American is progressing on its planned simplification and is well-positioned to create significant value, Jefferies analysts write. The London-listed miner is expected to complete its $53 billion merger with Canada-based Teck Resources by March 2027, but Jefferies believes it could close by the end of this year. "Overall, Anglo's plans and execution have been just what the doctor ordered for a recovery from the company's challenging 2023," the analysts say. Jefferies has a buy rating on the stock and atarget price of 50 pounds. Shares are up 1.1% at 41.78 pounds and 35% higher over the year to date.
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