Anglo American posts $1.9 billion loss in first half as restructuring continues
The London-listed miner is restructuring its business to mainly focus on copper and iron ore following bigger rival BHP's (BHP.AX), opens new tab failed attempt to take it over last year.
The company declared an interim dividend of $0.07 per share, down from $0.42 a year earlier, reflecting negative earnings at its platinum and steelmaking coal divisions, with no contribution from diamond unit De Beers.
It posted a $1.9 billion loss for the first half, from a $672 million loss in the same period a year ago.
Core earnings or EBITDA of $3 billion for its copper, iron ore and De Beers businesses was above the $2.9 billion expected by analysts.
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