Anglo American profits soar. Pays highest dividend in a decade

Anglo American doubled its attributable profits to $3.2 billion for the year to end-December while operating profit went up to R5.5 billion.

The diversified miner halved its debt while doubling free cash flow.

It is paying a dividend of $1.02 per share, the highest in a decade.

The Money Show’s Bruce Whitfield interviewed Anglo American CEO Mark Cutifani.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Some good signs; some good progress… The improvements are there, but there’s still some way to go.

Mark Cutifani, Anglo American

We’d like to do a bit more with debt…

Mark Cutifani, Anglo American

We’re going to stick to our strategy… You don’t know what you don’t know… In the world today, there’s some political risk… We want to be prudent… You’ve got to keep an eye out for what can go wrong…

Mark Cutifani, Anglo American

We couldn’t sell a diamond towards the end of 2015… We’re in a very good place…

Mark Cutifani, Anglo American

India remains pretty rocky…

Mark Cutifani, Anglo American

We have to do better marketing of our products.

Mark Cutifani, Anglo American

We have to find a solution… that works for South Africa and the industry… It’s great to know that we have a Government willing to listen.

Mark Cutifani, Anglo American

We never stopped investing in South Africa… It certainly makes it easier if we have policy certainty… If we can make a return… We want to be part of the new story for South Africa…

Mark Cutifani, Anglo American

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