Anglo American plc ( Anglo American ) announces its intention to return an additional $2 billion to its shareholders through: (i) an on-market irrevocable and non-discretionary share buyback programme of $1 billion (the Buyback Programme ); and (ii) a special dividend of $0.80 per ordinary share, equal to $1 billion (the Special Dividend ). Mark Cutifani, Chief Executive of Anglo American, said: We entered this period of strong demand and prices for many of our products with a strong balance sheet and we are therefore in a position to deliver both the investment in our sequence of margin-enhancing growth projects and also return excess cash to our shareholders. Today s additional return of $2 billion demonstrates our applied capital discipline and the Board s confidence in the business.
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