London - Global mining company Anglo American said it would maintain its interim dividend on Friday as it posted a steep fall in first-half profit hurt by a rout in metal prices.
Anglo, the first of the largest global miners to post results for the six months to June, reported a 36 percent drop in its half-year underlying earnings before taxation, in line with analysts' expectations, according to Reuters I/B/E/S.
It declared an interim dividend of $0.32, in line with the same period last year.
In line with a warning issued earlier this month, London-listed Anglo also took a non-cash impairment charge of $3.5 billion after tax.
It is the second multi-billion charge announced this year, mostly related to its recently launched Minas Rio iron ore mine in Brazil, which has been plagued by delays and cost overruns since Anglo bought it in 2007-2008 for about $5.5 billion.
Reuters