Global Anglo American reports 9% up in full-year profits

Global miner Anglo American’s (AAL.L) on Thursday reported a 9% increase in full-year profits as higher prices for iron ore and precious metals outweighed weakness in diamonds and coal. The London-listed miner, whose Chile division is the third largest miner in the country, has led rivals in a recovery from a 2015-16 commodities crash by narrowing its range of businesses, making its mines more efficient and investing modestly in high return projects.

Source: Reuters