JOHANNESBURG - Shares at Anglo American are higher today despite the mining giant reporting a loss for the six months that ended in June.
The loss of $858 million was less than half the loss for the same period last year.
Anglo said the core earnings reflect solid production and cost performance.
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The company has been restructuring its operations to focus on copper and crop nutrients.
It's also focusing on quality iron ore, leaving Kumba Iron Ore as a strategic subsidiary.
On the other hand, it is selling its coal and nickel businesses, and it plans to sell the diamond company with a long history in South Africa, De Beers.
The miner is also merging with Teck Resources in Canada to create what it calls a global metal and minerals champion.
The deal is waiting only for regulatory approval from China.