Anglo American (GB:AAL) has released an update.
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Anglo American PLC reported a strong operational performance for the first half of 2024 with an underlying EBITDA of $5.0 billion, despite a 10% drop in product basket price. The company recorded a $0.7 billion loss due to a $1.6 billion impairment on the Woodsmith project but maintained a consistent dividend payout and is on track for significant cost and capital expenditure reductions over the next two years. Key contributors to the EBITDA were the robust copper and iron ore sectors, and the firm is prioritizing a transformation focused on these high-performing assets while targeting operational cost efficiency.
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