Anglo American had a bumper 2017, almost halving its net debt and paying out a record dividend as it improved productivity and efficiency across the business.
The miner decreased its debt by 47% to US$4.5 billion as of December 31, citing a 93% boost in attributable free cashflow of $4.9 billion.
The FCF reflected strong underlying EBITDA and working capital inflows although was partly offset by the dividend payment to shareholders.
The company has recommended a dividend of 54c for the second half of the year, bringing total dividends paid and proposed for 2017 to $1.02 per share, at its target level of 40% of underlying earnings.
The company's profit attributable ...