Half Year Results 

Anglo American returns to health

Anglo American returns to health

Surprise! Anglo American (AAL) is back to the dividend register, having previously told the market it would forgo an interim payout. Half-year figures show several sources of this renewed confidence, including stronger prices, tight control of capital expenditure, and a focus on costs and self-help that delivered a whopping 20 per cent increase in productivity. However, as analysts at Investec predicted prior to these results, the likely catalyst for the dividend was the ZAR15.97 (94p) per share pay-out by majority-owned Kumba Iron Ore (SA:KIO), announced two days before Anglo’s numbers.

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