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(Kitco News) - Anglo American, one of the world's largest mining companies, reported today that for the six months ended 30 June 2023 (HY23), its underlying EBITDA was $5.1 billion, a 41% decrease from HY22, largely due to weaker product prices.
Profit attributable to equity shareholders of the company was $1.3 billion in HY23, down 66% compared to HY22, while basic headline earnings per share were $1.35 in HY23, compared to $3.02 in the prior comparative period.
The company also announced $0.7 billion dividend for HY23, equal to $0.55 per share, compared to $1.24 per share dividend in the prior-year period, and consistent with its 40% payout policy.
"Macro headwinds - principally, weaker prices for our products and input cost inflation - certainly weighed on our first half financial performance. We are on track to deliver on our full year production guidance, which includes a significant anticipated step-up in volumes in the second half,” the company said in a press release.
Anglo American is a producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and steelmaking coal, and nickel, - with crop nutrients in development.
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