Anglo American posts record operating profit
LSE-listed mining company Anglo American Plc has posted a record operating profit for last year following big advances in its coal and diamonds operations.
The group reported a record operating profit of $11.1 billion, up 14 percent on the year before.
Underlying earnings per share were 23 percent higher and the full-year dividend was raised 14 per cent to $0.74 per share.
However, its net profit declined 6 percent to $6.17 billion from $6.54 billion in 2010.
Chief Executive Cynthia Carroll said the group completed three major projects in 2011: the Kolomela iron ore mine in South Africa, the expansion of the Los Bronces copper mine in Chile and the Barro Alto nickel operation in Brazil.