Half Year Results 

Anglo American’s margin call

Anglo American’s margin call

Half-way through its financial year, Anglo American (AAL) can again state that debts are down and dividends up. With a few more caveats, the miner can also point to productivity advances and, in the words of chief executive Mark Cutifani, “a stronger price environment for many of our products”. That markets could greet these figures with little more than a shrug suggests that one or more peaks have been passed.

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