Anglo’s production hit by heavy weather
28 July 2022 - 10:59
UPDATED 28 July 2022 - 23:25
Diversified miner Anglo American has cut its dividend by more than a quarter for its half-year to end-June, hit by production declines for most of its commodities. It did, however, still book its second-highest core profit in its history.
Group revenue fell 17% to $18.11bn (R302bn), the London- and JSE-listed miner reported on Thursday, with underlying core profit, which excludes one-off items, down 28% to $8.7bn, hit by extreme rainfall in Brazil, SA and Australia...
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