Anglo American reported declines in output in 2016 of the key commodities that it intends hanging onto as it restructures its business away from bulk commodities. Output of refined platinum, diamond and copper — the three core products Anglo has identified — all declined year on year for a variety of reasons including inclement weather, labour unrest, processing difficulties and market-related issues. The two standout annual performances were in nickel, which Anglo had identified for sale, as well as its Minas Rio iron ore mine in Brazil, which is ramping up to full production. Some analysts expect that a "small surprise return to dividends is possible" because of a cash windfall in SA and forecast a payment of $0.10 per share. Looking at just the fourth quarter numbers, JP Morgan Cazenove said: "Anglo American’s production is strong in diamonds, iron ore and coal, which together account for 81% of our FY’17E [financial year 2017 estimate] and ebitda [earnings before interest, tax, ...
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