Chief executive's statement
“2007 was a year of change for our business – one in which we continued to deliver strong returns for shareholders while also streamlining our business and laying the foundations for greater efficiency gains, as well as stronger growth into the future”
$12bn Projects under development
15% Increase in final dividend
Record financial performance
In my first year as chief executive, I am pleased to report a record financial performance by Anglo American. We achieved our highest ever operating profit of $10.1 billion and underlying earnings of $5.8 billion, with continued strong cash generation. Once again, we are announcing an increased final dividend – 86 US cents per share, up 15% on 2006.
The strength of our performance was due to improved production volumes of ferrous metals, copper and zinc, an increased focus on operational discipline and a continuation of the supportive trading environment. During 2007, high prices were realised for most of the Group’s commodities, although these benefits were partially offset by adverse currency movements, supply-side constraints and ongoing pressure on costs across the mining sector.