Anglo American’s outgoing CEO, Mark Cutifani, could hardly have timed his exit better. Presenting his last set of financial results for the global miner last week, he reported that underlying earnings had more than doubled, to a record $20.6bn, after a year that saw record commodity prices and improved operating performance.
The share price is more than three times what it was when he set out to turn around a very ailing Anglo in 2013 (and more than 17 times the depths to which it sank at the trough of the commodities cycle in early 2016)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.