Anglo American PLC (LSE: AAL) aims to trim costs and capex through 2024-2026

Thu 04 Apr 24, 04:09 PM |

Image source: Shutterstock

Highlights

Anglo American owns a portfolio of mining operations, processing facilities and undeveloped resources

In FY23, the company recorded more than 12% YoY decline in revenue and over 31% YoY dip in underlying EBITDA

On 3 April 2024, AAL shares closed 54% higher at GBX 2,048 apiece

Anglo American PLC (LSE: AAL) is a mining firm listed on the FTSE 100 index. The company owns a portfolio of mining operations, processing facilities and undeveloped resources.

In the financial year 2023 (FY23) ended 31 December 2023, the company recorded a 12.72% YoY fall in revenue to USD 30,652 million and a 31.30% YoY decline in underlying EBITDA to USD 9,958 million.

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