Stable EBITDA Margins Despite Price Drop
Despite a 10% decline in basket prices, Anglo American maintained stable EBITDA margins at 30%, with a full year EBITDA of $8.5 billion.
Significant Cost Savings Achieved
Achieved cost savings of $1 billion in 2024, reaching a $1.3 billion run rate, ahead of schedule, with plans to reach $1.8 billion by the end of 2025.
Successful Portfolio Simplification
Agreed on the sale of the steelmaking coal business for up to $4.8 billion and nickel business for up to $500 million, enhancing company focus on core segments.
Strong Operational Performance in Key Segments
Delivered production guidance across all businesses, with strong performance in copper and iron ore, leading to higher margins and returns.
Positive Developments in Sustainability and Safety
Achieved a 28% improvement in injury rates over two years, marking the best-ever full-year performance for lost-time injury frequency rates.
Innovative Partnership with Codelco
Entered into a partnership with Codelco to develop a single mine plan for Los Bronces and Andina, expected to create $5 billion of pre-tax value with no significant capital expenditure.