Anglo American returns R8.3 billion to shareholders

Anglo American will build a new, $5.3 billion copper mine in Peru.

The company reported an interim dividend of $0.49 per share - $630 million in total.

Attributable profit for the six months to end-June came in at $1.3 billion from $1.4 billion a year before.

Revenue rose from to $13.7 billion (from $12 billion before).

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).

It’s very much about cost and margin… it makes us pretty robust through the cycle… We’ve been able to reduce costs quicker than most of our competitors… But there’s a lot more to be done...

Mark Cutifani, Anglo American

…Our production has actually gone up…

Mark Cutifani, Anglo American

The new Mining Minister is rooted in the history of the mining industry… He’s been a pleasure to do business with, whilst we don’t always agree…

Mark Cutifani, Anglo American

If we can get the future right, we can double our capital investment…

Mark Cutifani, Anglo American

The world is short of copper…

Mark Cutifani, Anglo American

It is a great place to do business… That’s why we’re very happy to invest in Peru…

Mark Cutifani, Anglo American

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