LONDON, July 27, 2012 /PRNewswire/ --

Anglo American has increased its dividend by 14% despite global economic volatility almost halving earnings in the first half.

In a video interview, Anglo American CEO Cynthia Carroll said: "Our financial performance, it was heavily impacted by lower prices."

The mining boss went on to explain how, at an operating level, the company had performed strongly, and she was pleased with the contribution from the capital intensive growth projects and the progress made in resolving a legal wrangle with the Chilean government.

CFO René Médori said the board had decided to increase the dividend by 14% despite a 46% decline in earnings, a move he said that demonstrated the group's "long-term confidence".

The interview and transcript are available now on http://www.cantos.com/company/Anglo%20American.

MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email prnsupport@merchantcantos.com or phone +44-207-936-1352.

SOURCE Anglo American