Anglo-American have announced strong financial results in its end of year report for 2021, with an underlying EBITDA of $20.6 billion.
The UK mining company’s share price also climbed 2.87% to 3,634p, one of few FTSE 100 gainers in a crumbling market in light of Russia invading Ukraine.
The company reported a $6.2 billion shareholder return with a $2.1 billion proposed final dividend.
The final dividend per share equated to $1.18, along with a $0.50 per share special dividend.
Anglo-American also reported improved operational performances at PGMs, De Beers and Kumba (Iron Ore), attributed to the easing of Covid-19 restrictions and improved mining performance and processing stability at its PGMs.
Further factors of company growth included planned higher rough diamond production at De Beers as a response in line with strong consumer demand, and improved plant availability at Kumba.
“In a year of two distinct halves, we recorded strong demand and prices for many products as economies recouped lost ground, spurred by government stimulus,” said Anglo-American CEO Mark Cutifani.
“Copper and PGMs – essential to the global decarbonisation imperative – and premium quality iron ore for greener steelmaking, supported by an improving market for diamonds, all contributed to a record financial performance, generating underlying EBITDA of $20.6 billion.”
“The proposed final dividend of $1.18 per share, in line with our 40% payout policy, in addition to a special dividend of $0.50 per share, will bring our total return to shareholders in respect of 2021 to $6.2 billion (including our share buyback), equal to $4.99 per share.”
