The Anglo American plc Board has approved a dividend of $0.55 per share (30 June 2022: $1.24 ordinary dividend per share), equivalent to $0.7 billion (30 June 2022: $1.5 billion including special dividend).
Other financial highlights include:
• Underlying EBITDA of $5.1 billion, a 41% decrease, largely due to weaker product prices
• Profit attributable to equity shareholders of $1.3 billion
• Net debt of $8.8 billion (0.9 x annualised underlying EBITDA): investment in value-adding growth amid weaker prices
◦ Targeted reduction of $0.3 billion in 2023 capital expenditure
• Quellaveco ramping up strongly and on track to produce 310-350 kt of copper in 2023
