Anglo reinstates dividend, but near-term outlook ‘more uncertain'

Diversified miner Anglo American on Friday announced the reinstatement of a dividend on the back of a strong $4,4-billion half-year operating profit, but cautioned about the near-term outlook for the world economy becoming "more uncertain in...

Anglo posts $5bn operating profit

Diversified miner Anglo American on Friday reported a group operating profit of $5-billion and announced an expected resumption of dividends in 2010. Anglo said that $4,5-billion of the operating profit was from core operations. Underlying...

Petmin shares up on 46% earnings rise in tough conditions

The shares of multi-commodity mining and processing company Petmin rose on Tuesday on the back of the JSE-listed company's impressive 46% increase in headline earnings per share in difficult trading conditions. Petmin shares have risen more than...

Anglo shares rise as capex is halved to $4,5bn, no pronouncement on job cuts

The shares of South Africa's largest mining group Anglo American rose on Wednesday after it halved its 2009 capital expenditure (capex) to $4,5-billion, and steered clear of any immediate job-cut pronouncements. The capex halving came with an...