UNDERGROUND

Anglo almost triples earnings

ANGLO American’s steelmaking coal business increased earnings almost threefold in 2022 with a 52% increase in the weighted average realised price for metallurgical coal and higher sales volumes.

Anglo American's Grosvenor and Moranbah North longwalls continued to ramp up during the second half of the year.

Anglo American's Grosvenor and Moranbah North longwalls continued to ramp up during the second half of the year.

The company's coal earnings before interest, tax, depreciation and amortisation rose 285% for the 12 months to December 2022 to US$2.8 (A$4.2) billion. This was partially offset by a 2% increase in...

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