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Anglo American cuts dividend after first half shutdowns

Diversified miner struggles because of South Africa's Covid-19 rules, with weak coal and diamond prices also hitting earnings
Anglo American cuts dividend after first half shutdowns

Anglo American (AAL) was hit by production suspensions in South Africa in the first half and did not have the copper or iron ore volume to rescue its earnings. Fellow majors BHP (BHP) and Rio Tinto (RIO) have had strong years so far because of the iron ore price. 

IC TIP: Buy at 1,884p

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