Anglo Cuts Dividend as Units It Is Selling Weigh on Profits

Anglo American Plc joined rival miners in posting lower profits as commodity prices stagnated and slashed its dividend after the businesses it’s looking to exit dragged down earnings.

Anglo is undertaking a sweeping restructuring outlined by Chief Executive Officer Duncan Wanblad last year as the company fended off a takeover approach from BHP Group. It’s already spun off its platinum business, but is now looking to sell diamond miner De Beers. An agreed sale of its coal division has been complicated by a fire at one of its mines.