Commodity prices boost Anglo American in 2020 after COVID-19 hit Reuters 25/02/2021 By Zandi Shabalala © Reuters/Rodrigo Garrido FILE PHOTO: Logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine, in the outskirts of Santiago
By Zandi Shabalala
LONDON (Reuters) - Anglo American beat forecasts with a small fall in 2020 earnings and boosted its dividend after strong commodity prices helped the diversified miner recover from coronavirus disruptions in the first half of the year.
The company s shares were 4.5% higher in London at 1025 GMT, the second biggest gain on the benchmark FTSE 100.
Anglo was the worst hit among its peers by coronavirus lockdowns, including in countries such as South Africa and Botswana, and also had operational problems at its platinum unit.
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