Anglo American’s underlying EBITDA fell 28% to $8.7-billion in the six months to the end of June compared with the same period last year, the global mining giant said on Thursday.
So the company’s earnings are still comparatively huge by historical standards, and the upshot is that shareholders will get an interim dividend of $1.24 per share compared with last year’s $2.51 per share which included a special dividend top-up. “The war in Ukraine… has resulted in higher prices for energy, agricultural and other commodities, exacerbating broader inflationary pressures across the global economy,” Anglo said.
Another theme that has emerged from this week’s round of Anglo results is extreme weather, which has been literally raining on its earnings parade.
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