Global Wrap: Anglo, Acacia and more

IN Global Wrap: Anglo’s bumper year; Acacia weighing up offers; auction winner named; Cobalt 27 in royalty deal; Trilogy PFS; maiden resource for B2Gold; and new role for former Rio boss.

Global Wrap: Anglo, Acacia and more Global Wrap: Anglo, Acacia and more Global Wrap: Anglo, Acacia and more Global Wrap: Anglo, Acacia and more Global Wrap: Anglo, Acacia and more

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 ...