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Anglo American profits up |
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Written by Staff Reporters
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Anglo American plc said this week in
its annual results for the year ending 31 December 2007 that it
recorded an operating profit of US$10.1 billion. Operating profits
from core operations rose 12% to $8.9 billion.
Anglo American has secondary listing on
the Namibian Stock Exchange. The company owns the Skorpion Zinc mine
and has a 9.9% shareholding in Exxaro, which owns the Rosh Pinah Zinc
Corporation.
Anglo American also owns 45% of De
Beers Group, which owns 50% of the country's top diamond producer,
Namdeb.
The company achieved the highest ever
total group underlying earnings of $5.8 billion, up by 5%
“We achieved our highest ever
operating profit of US$10.1 billion and underlying earnings of US$5.8
billion, with continued strong cash generation,” said Cynthia
Carroll, Chief Executive Officer.
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