Anglo American’s Cutifani on way forward
After weeks of speculation, battered mining giant Anglo American (LON:AAL) has finally revealed details of its radical “portfolio restructuring,”announced in December, in response to a global rout in commodity prices that punished the costly mines the company operates around the world.
Anglo’s plans, unveiled at the same time it posted a jaw-dropping $5.6 billion full-year loss in 2015, includes completely exiting the coal sector by selling its remaining operations in Australia, South Africa and Colombia.
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