LONDON (Reuters) - Global miner Anglo American slashed payouts to shareholders after earnings for its first half fell 28% due to lower production and higher costs.
Anglo joins rival miners Rio Tinto, and Freeport-McMoRan in reporting a profit slump, partly blaming a tight labour market, supplychain snags and inflationary pressures.
Anglo declared an interim dividend of $1.24 per share, down 27% from last year's $1.71 per share payout.
(Reporting by Clara Denina and Helen Reid; editing by Jason Neely)
Price
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Change
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5d. change
|
Capi.
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|---|---|---|---|---|---|
| 2,650 GBX | +3.53% | +21.94% | 38.8B | ||
| 5,451 GBX | +1.34% | +1.52% | 115B | ||
