Friday 13 February 2015

Otmane El Rhazi : Anglo American reports 25% drop in underlying earnings, $3.9bn in impairment

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Dual-listed mining giant Anlgo American on Friday reported group underlying earnings before interest and taxes (Ebit) of $4.9-billion for the year ended December 31. This was 25% lower year-on-year, owing to sharply weaker commodity prices, partially offset by weaker producer country currencies and higher production and sales volumes.

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