Anglo achieves resilient performance in a tough year
As much of the world was tested to its limits by the Covid-19 pandemic during 2020, the resilience of diversified miner Anglo American’s diversified business, along with strong metals prices in the latter months of the year, resulted in underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of $9.8-billion and a mining Ebitda margin of 43%. Of the $9.8-billion Ebitda, diamonds accounted for $400 000; copper for $1.9-billion; platinum group metals (PGMs) for $2.6-billion; and bulk materials for $5.1-billion.