Strong market demand and operational resilience deliver underlying EBITDA of $12.1 billion
"The first six months of 2021 have seen strong demand and prices for many of our products as economies begin to recoup lost ground, spurred by stimulus measures across the major economies. Against a backdrop of ongoing Covid hardships in many countries, our commitment to do everything we can to help protect our people and communities stands firm. Our business is increasingly geared towards providing the future-enabling metals and minerals for a low carbon economy and to meet global consumer demand trends. Combined with our commitment to carbon neutrality across our operations by 2040, we are working to meet the expectations of our full breadth of stakeholders."
Mark Cutifani, Chief Executive
RESULTS HIGHLIGHTS
Underlying EBITDA*
Net Debt
Attributable free cash flow*
$12.1bn
$2.0bn $5.4bn
+262% YoY
0.1x underlying EBITDA
DELIVERING BENEFIT TO OUR STAKEHOLDERS
Base dividend
Additional returns
Anglo American Foundation
$2.1bn
50%
$100m
$2.0bn
Special dividend
special endowment.
Supporting projects
50%
Equal to $1.71 per share
aligned to the Sustainable
Mining Plan.
Share buyback
OUR QUELLAVECO COPPER MINE, LOCATED IN PERU,
REMAINS ON-TRACK FOR FIRST PRODUCTION IN 2022
Ore
Annual
Enough
Job
Quellaveco
reserves:
production:
copper for:
creation:
Fund:
c.1.3bn
c.300,000
90m
2,500
$10m
tonnes at 0.57 TCU
tonnes of copper
electric vehicles
roles created during
30 local community
equivalent p/a over the
normal operation
projects financed
mine's first ten years
since 2011
angloamerican.com
Terms with this symbol * are defined as Alternative Performance Measures (APMs).
For more information on the APMs used by the Group, including definitions, please refer to page 78 of the results press release.
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Anglo American plc published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:16:01 UTC.
Anglo American plc is one of the world's leading mining groups. The activity is organized around 10 families of products:
- iron ore: 59.3 million tons produced in 2022;
- copper: 664,000 tons produced;
- palladium;
- diamond: 34.6 million carats produced;
- rhodium;
- thermal coal;
- metallurgical coal;
- platinum;
- manganese;
- nickel: 39,800 tons produced.
Net sales are distributed geographically as follows: the United Kingdom (4%), Europe (13.3%), China (24%), Japan (14.8%), India (7.5%), Asia (18.6%), South Africa (3.5%), Africa (5.5%), Brazil (2.6%), Chile (2.2%), South America (0.1%), North America (3.1%) and Australia (0.8%).