Strong financial performanceRecord underlying earnings of US$15.5 billion, 11 per cent above 2010.Net earnings of US$5.8 billion, 59 per cent below 2010, primarily as a result of an impairment charge of US$8.9 billion related to the Group’s aluminium businesses.Record underlying EBITDA of US$28.5 billion, ten per cent above 2010.Record cash flows from operations up 16 per cent to US$27.4 billion.
Strong financial performanceCapital expenditure of US$12.3 billion in 2011, compared with US$4.6 billion in 2010.34 per cent increase to full year dividend to 145 US cents per share, reflecting confidence in long-term outlook.US$7 billion share buy-back programme on track for completion by end of the first quarter 2012.
Creation of sustainable shareholder value
Record results and major growth projects
To invest in and operate large, long-term, cost-competitive mines and businesses
Highlights and summary performance from 2011