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.
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SOURCE Anglo American