Anglo American Full-Year Results - Interview With CEO And FD
LONDON, February 15, 2013 /PRNewswire/ --
In a video interview on video.merchantcantos.com Cynthia Carroll, the outgoing Anglo American CEO, explained the mining group's $1.5b loss for 2012.
Ms. Carroll blamed $4.6b of impairments and a poor macroeconomic performance for pushing Anglo American so far into the red but insisted an underlying profit of $6.8b demonstrated a good operational performance.
"On a more positive note, and partially offsetting the macroeconomic environment, was a strong operational performance," she said.Finance Director René Médori insisted that the company had a strong balance sheet, with $18b in the coffers, after the impairment charges and higher capital costs. He said a 15% higher dividend showed confidence in the future. In what will be the CEO's last set of results at Anglo American, Ms. Carroll said: "I am very optimistic about the future of the mining industry and I'm very proud of the role that Anglo American plays." The interview and transcript are available now on video.merchantcantos.com. MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email email@example.com or phone +44-207-936-1352. SOURCE Anglo American
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts