LONDON (Reuters) – Global miner Anglo American slashed payouts to shareholders after earnings for its first half fell 28% due to lower production and higher costs.
Anglo joins rival miners Rio Tinto, and Freeport-McMoRan in reporting a profit slump, partly blaming a tight labour market, supplychain snags and inflationary pressures.
Anglo declared an interim dividend of $1.24 per share, down 27% from last year’s $1.71 per share payout.
(Reporting by Clara Denina and Helen Reid; editing by Jason Neely)
