(Source: Anglo American plc) Anglo American Interim Results 2016 Balance sheet strengthened through capital and cost discipline - expected to deliver net debt of less than $10 billion at end 2016. · Net debt at 30 June 2016 decreased to $11.7 billion (vs. $12.9 billion as at 31 December 2015) through cost discipline and working capital and capex reductions: - Attributable free cash flow of $1.1 billion (vs. $0.2 billion in H1 2015) - Disposal proceeds of $1.5 billion agreed and expect to be completed in H2 2016 · Group underlying EBIT of $1.4 billion, a 27% decrease, due to lower commodity prices ($1.2 billion underlying EBIT impact), partially offset by weaker producer country currencies...
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