Anglo American Posts Strong Results Amid Teck Merger Progress
Anglo American reported strong production and cost performance for the six months to June 30. The company, which is in the process of merging with Teck Resources, saw earnings before interest, tax, depreciation, and amortisation increase by 35% to $4 billion during this period.
The CEO, Duncan Wanblad, stated that 'we are unlocking the full potential of Anglo American, anchored in copper, premium iron ore, and crop nutrients, focusing on delivering material value for our shareholders while we prepare to complete our merger with Teck to create a global metals and minerals champion.'
Anglo American's net debt decreased to $8.2 billion from $8.6 billion at December 31, 2025. An interim dividend of $0.23 per share was declared, consistent with a 40% payout policy.
The company made progress on its portfolio optimisation, agreeing to the sale of the Steelmaking Coal business to Dhilmar for an upfront cash consideration of $2.3 billion and potential additional payments linked to future coal prices.