2008/08/01

Minerals' prices go up - Anglo American profits

LONDON (AP) - Mining company Anglo American PLC said Thursday that first-half profit rose 27 percent on the back of high copper, platinum and coal prices.Net profits for the six months through June 30 rose to US$4.3 billion from US$3.38 billion in the same period last year. Revenue rose 13 percent to US$14.53 billion from US$12.88.«The key drivers of this performance were production growth in copper, iron ore, manganese ore, coal and phosphates, continued strength in the commodity price environment and the early benefits of tighter operational discipline across the businesses,» chief executive Cynthia Carroll said in a statement.

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