Anglo American chairman adds to stake

Non-executive chairman Sir John Parker has added to his stake in miner Anglo American a few weeks after he reinvested his quarterly director fee in new shares.

Sir John bought 1,726 shares at £28.75, which took his stake to 9,775 shares. The total cost was nearly £50,000. At the beginning of April, Sir John acquired 867 shares at £27.6535 each by reinvesting nearly £24,000 of his director fee.

This reinvestment is a regular thing since Sir John's appointment as chairman in August 2009. He invested nearly £16,000 in September 2009 and nearly £24,000 at the beginning of 2010.

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Sir John is chairman of National Grid and a director of cruise operator Carnival, defence group EADS and ports operator DP World, which plans a London listing.

Last week, Anglo American reported a 23% jump in first-quarter iron ore production and a 7% rise in copper output.

Results for the half year to June 2010 will be announced on 30 July.

AIM-quoted Marwyn Materials is thought to be interested in buying Anglo American's building materials business Tarmac.

Top Director Buys

Beacon Hill Resources (BHR) Director name: Mr Justin LewisAmount purchased: 200,000 @ 59.50p Value: £119,000

Anglo American (AAL) Director name: Sir John ParkerAmount purchased: 1,726 @ 2,875.00p Value: £49,622

Imperial Tobacco Group (IMT) Director name: Mr Iain NapierAmount purchased: 1,675 @ 1,969.73p Value: £32,993

Connaught (CNT) Director name: Mr Robert H AlcockAmount purchased: 10,000 @ 304.40p Value: £30,440