Anglo American launches $1bn share buyback
On the back of a 46% increase in interim profit, Anglo also pays a higher dividend, underpinning its faith in its operational turnaround
Anglo American, one of the world’s leading diversified mining companies, is returning $1.8bn (about R25bn) to shareholders via a dividend and a share buyback after a surge in interim profit driven by iron ore.
Anglo, which is based and listed in London as well as the JSE, reported a 46% increase in attributable profit to $1.9bn for the six months to end-June. Revenue climbed by 8% to $14.8bn...