LONDON, February 15, 2013 /PRNewswire/ --
In a video interview on video.merchantcantos.com Cynthia Carroll, the outgoing Anglo American
CEO, explained the mining group's $1.5b loss for 2012.
Ms. Carroll blamed $4.6b of impairments and a poor
macroeconomic performance for pushing Anglo American so far into
the red but insisted an underlying profit of $6.8b demonstrated a good operational
performance.
"On a more positive note, and partially offsetting the
macroeconomic environment, was a strong operational performance,"
she said.
Finance Director René Médori insisted that the company had a
strong balance sheet, with $18b in
the coffers, after the impairment charges and higher capital costs.
He said a 15% higher dividend showed confidence in the future.
In what will be the CEO's last set of results at Anglo American,
Ms. Carroll said: "I am very optimistic about the future of
the mining industry and I'm very proud of the role that Anglo
American plays."
The interview and transcript are available now on
video.merchantcantos.com.
MerchantCantos produces in-depth interviews, documentaries and
webcasts with senior company executives. If you would like to
contact us, please email prnsupport@merchantcantos.com or
phone +44-207-936-1352.