Strong recovery for 2nd half of 2020 sees Anglo American weather a tough year
In 2020 we saw much of the world tested to its limits by Covid-19. I am immensely proud of how our team of more than 95,000 people across Anglo American pulled together to do what’s right for each other, for our many stakeholders across society and the business."Mark Cutifani, CEO - Anglo American
Anglo American has posted its results for 2020, emphasizing the resilience of its diversified mining business.
In the first half, Anglo's EBITDA (earnings before interest, tax, depreciation and amortisation) dropped around 40% to R49 billion ($3.4 billion).
The second half of 2020 saw the miner's best performance for this period in the last decade.
Arabile Gumede interviews CEO Mark Cutifani about weathering the Covid storm, and Anglo's future plans.
We started off the year not as well as we'd like... but the [PGM. platinum group metals] prices have been great and the team's done a good job in getting the business back up...Mark Cutifani, CEO - Anglo American
It's been a stellar year - I think it's a record financial performance for the AngloPlats [Anglo American Platinum] business...Mark Cutifani, CEO - Anglo American
Cutifani balances this by saying Anglo's not out of the woods yet.
He expects that by the end of February, employees across all its operations will have been tested for Covid.
The mining giant will be focusing on incremental modernisation to boost productivity going forward.
Listen to the interview on The Money Show:
This article first appeared on CapeTalk : Strong recovery for 2nd half of 2020 sees Anglo American weather a tough year
Source : https://previews.123rf.com/images/sunshineseeds/sunshineseeds2006/sunshineseeds200605769/149470054-dump-trucks-transporting-platinum-ore-for-processing.jpg
The North-West University 's Prof. Jan van Romburgh explains the need for the index and how it would work.Read More
There's expected to be a surplus for the third year running. Rooibos Ltd's Martin Bergh explains the cycle on The Money Show.Read More
Bruce Whitfield interviews outgoing Pick n Pay CEO Richard Brasher after the retail group's results presentation.Read More
Considering a car loan? You may want to think again. Africa Melane interviews financial planner Gerald Mwandiambira.Read More
The company will serve Africa – a continent with 1.2 billion people - from its new headquarters in the Mother City.Read More
Provisional election results show 68-year-old President Idriss Déby had been on track to win a sixth term in office.Read More
Has Cell C finally achieved a turnaround? Bruce Whitfield interviews CEO Douglas Craigie Stevenson about its full-year results.Read More
Those SOEs are now at Treasury with begging bowls because all the money is in Dubai! - Mosilo Mothepu discusses her tell-all book.Read More
Bruce Whitfield grills the Absa chair on how the board got CEO appt. so wrong - Mminele 'not aligned' with them on strategy.Read More
"It’s easily transmissible," says Colin Steenhuisen. "This is an outbreak of highly pathogenic avian influenza."Read More