Anglo American delivers 3.5-billion USD profit, declares final dividend
Results for Anglo American platinum and Kumba iron ore pointed to the fact that Anglo would be reporting solid results.
De Beers had a rough year but the company, which until recently had been spending its capital on buying back its own shares, is now eyeing expansion.
Copper in Peru, potash in the United Kingdom - those are the big immediate projects.
Bruce Whitfield asked Anglo American's chief what's giving him the confidence to spend, when so many mining companies are incredibly wary to do so.
From our point of view it is the quality of the projects we have in the pipeline. But I'd also like to say we're investing in Venetia, in Kumba - and we want to invest in Mogalakwena in the platinum business as well.Mark Cutifani, Chief Executive Officer - Anglo American
We still look at commodities and make sure we're understanding the pricing dynamic. When you have very low cost assets that have good characteristics they're the sort of assets that we do best. When you've got those assets you try and get them to the right size; the right potential.Mark Cutifani, Chief Executive Officer - Anglo American
For us, South Africa as a jurisdiction remains a positive and one that we do like.Mark Cutifani, Chief Executive Officer - Anglo American
LIsten to the full interview below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.
This article first appeared on 702 : Anglo American delivers 3.5-billion USD profit, declares final dividend
"The data will be de-identified after Covid-19," says Ahmore Burger-Smidt (Werksmans Attorneys). "Until then, is it secure?"Read More
Africa’s most developed economy is heading for a very cold economic winter, says Absa Senior Economist Peter Worthington.Read More
Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.Read More
The Money Show's Bruce Whitfield interviews property lawyer Julian Scher about rental payment problems caused by Covid-19.Read More
The Money Show’s Bruce Whitfield interviews Eskom CEO André de Ruyter about the utility’s plans during the Covid-19 lockdown.Read More
It's an enormous humanitarian effort. Bruce Whitfield interviews Dr Adrian Enthoven, Deputy Chairperson at the Solidarity Fund.Read More
South African Airways (SAA) has agreed to provide repatriation charter flights to various international destinations.Read More
National Santaco spokesperson Thabiso Molelekwa insists it never supported the 100% passenger occupancy of minibus taxis.Read More
The SA National Taxi Council (Santaco)'s Western Cape chairperson Nazeem Abduraman says the industry must be subsidised.Read More
UIF will transfer the funds to the company and they are able to pay employees digitally explains UIF Commissioner Maruping.Read More