Continued productivity improvements in underlying operations and better-than-expected prices have contributed to global diversified miner Anglo American’s 4% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to $9.2-billion for 2018.
CE Mark Cutifani said during a conference call on Thursday that disciplined capital allocation has helped the company to strengthen its balance sheet by more than $10-billion over the past three years, with net debt having decreased by 37% year-on-year to $2.8-billion as at December 31, 2018.