Anglo American beats earnings forecasts but stops short of reinstating dividends

The group posted a 51% drop in annual earnings per share on the back of weaker metal prices and said the resumption of dividend payments remained a key priority.
Anglo American Chile accounts for 41% of group’s total 2009 operating profits

Anglo American Chile, the local subsidiary of multinational resource group Anglo American (LSE: AAL), accounted for 41% of the group’s total operating profits in 2009, CEO for the copper branch John Mackenzie told BNamericas following a press conference Monday in Santiago.
Anglo American aims to increase overall production 33% by 2013
Projects currently under development by London-based resources group Anglo American (LSE: AAL) will increase overall production 33% by 2013, CEO Cynthia Carroll said during delivery of the company’s financial results for 2009. The company’s approved project pipeline would cost a total US$17bn and includes an expansion of the Los Bronces copper mine in central Chile, and the Minas Rio iron ore project and Barro Alto nickel initiative in Brazil.