Anglo American (LSE: Aal, OTC Pink: Aaukf) reported a sharp net loss of US $ 1.9 billion for the first half of 2025, that deepening of US $ 672 million a year earlier, while the global miner pushed forward with a radical business revision that focused on buyer and iron terts.
The latest results of the London -based group fell by 7 percent on an annual basis to US $ 8.95 billion, resulting in the expectations of the analysts, while the underlying EBITDA fell by 20 percent to US $ 3 billion.
“By concentrating on our exceptional copper, premium-iron ore and crop food resource donations, each with considerable value-accretive growth options, we unlock material value for our shareholders,” Chief Executive Duncan Windlag Recent performance report.
Anglo American’s portfolio shake top continued in the first half.
Following the May Demerger of his platinum unit, now mentioned as Valterra on Johannesburg Stock Exchange, the company has now designated its steel coal and nickel activities as stopped. The sale for both is agreed, but not yet completed.
A large part of the puzzle remains the beers, the iconic diamond brand in which Anglo has an interest of 85 percent. The miner confirmed that it pursues both a trade sales and an IPO option, depending on the market conditions and the appetite of the buyer.
Wapblad said that although the company prioritizes a trade sale for the Beers, it also prepares the company for a potential IPO if market conditions justify.
The diamond market is a major resistance to the performance. De Beers recorded a loss of US $ 189 million in the half -year period in the midst of a long -term decline in global demand and competition of rough diamond of synthetic stones.
Anglo American said it has already registered US $ 3.5 billion in restrictions on the Beers and the unit at US $ 4.9 billion.
Despite the gloom, the Beers has claimed long -term potential. “With some of the best diamond mine sources and the best marketing opportunities in the world, the Beers, I believe, is well positioned to come forward and thrive as the market recovers.”
Trade ripens that cause market volatility
The fall in turnover of the company was partially attributed to the disruptions of global trade, in particular of the shifting tariff strategy of the US government.
A Recent announcement President Donald Trump has saved refined copper import from the vagen of new rates, but had semi-processed products exposed, which caused a competitive decrease in copper prices by 18 percent and disrupt the question patterns.
Anglo American noted that although it was benefiting from an increase of 127 percent on an annual basis in US Refined Copper Import in the first five months of 2025, this diverted metal away from traditional markets in Asia and Europe.
The buyer remains central to Anglo’s growth strategy. The metal is expected to be more than 60 percent of the EBITDA group after the restriction, according to internal predictions.
In accordance with his weaker performance, Anglo American has reduced his interim dividend to US $ 0.07 per share, a decrease in US $ 0.42 last year. The company mentioned negative profit contributions from its platinum and coal distributions and not a contribution from De Beers.
The beers leaves the timeline and options
The disinvestment of the Beers is progressing, where Anglo confirms that it is now in the second round of his formal sales process, describing it as “a credible set of interested parties.”
The company is also in a discussion with the government of Botswana, which owns a 15 percent interest and can try to increase ownership.
If trade sales are not going on, Anglo will prepare for a public list. Watslag said that stock markets in London, Johannesburg and New York are all taken into consideration.
A trade sales could be completed within six to nine months, he added, while an IPO would probably be postponed to early or mid -2016, depending on a recovery of diamond prices.
The Beers’ Venetia Mine in South Africa, one of the largest diamond activities in the country, undergoes a precious underground expansion that is aimed at extending his life after 2040.
Wapblad said Anglo is concerned with stakeholders in the future of the mine, regardless of the final exit of the group from the diamond sector.
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Publication of securities: I, Giann Liguid, has no direct investment interest in a company mentioned in this article.
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