Friday, August 3, 2007

Anglo Plans $4 Billion Share Buyback After Posting Record Six-Month Profit

(Bloomberg) -- Anglo American Plc, the world's
second-biggest mining company, reported record profit, announced
a $4 billion stock buyback and said it may sell the Tarmac
asphalt unit. Anglo shares rose as much as 4 percent.

Net income climbed 15 percent to $3.38 billion, or $2.41 a
share, in the six months to June 30, from $2.94 billion, or $2,
a year earlier, the company said today in a statement.


Read more at Bloomberg Emerging Markets News

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