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Financial results centre

2016 preliminary results 

Our 2016 preliminary results will be announced to the market at 07:00 (UK time) on 21 February 2017. Mark Cutifani and René Médori will present these results to analysts and investors at the London Stock Exchange later in the day at 10:15 (UK time).

You can join the presentation via webcast or telephone using the details found on this page.

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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 ($0.9 billion underlying EBIT benefit) and incremental cost reductions

Operating performance and associated cost and capex reductions mitigating headwinds:

Unit costs decreased by 19% (vs. H1 2015) in US dollar terms (Cu eq.)

Expect to deliver $1.6 billion of cost and volume improvements in 2016

  • $1.9 billion target included $300 million now reclassified as capex and working capital reduction
  • $0.3 billion of cost and volume improvements delivered in H1 2016

Commodity price-driven impairment of $1.2 billion relating to Moranbah and Grosvenor coal assets contributing to a loss before tax of $364 million

Preliminary results
Interim results
Real Mining. Real People. Real Difference.