Anglo American considers deeper cost cuts in face of worst downturn in years  | Reuters News Agency

Business & Finance

Reuters exclusively reported that Anglo American (AAL.L) may consider deeper cost-cutting measures unless market conditions improve after a fall in prices and a downturn in the platinum group metals (PGMs) sector that is the worst in 35 years, CEO Duncan Wanblad said. 

Market Impact

The diversified miner announced sweeping cuts last year to save about $1.8 billion. A drop in palladium and rhodium prices has squeezed profits for Anglo’s South African units.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Africa

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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