Wednesday April 1, 2020

It's all gone wrong for one of the world's biggest mining companies

Anglo American has announced a package of assets sales, mine closures and job cuts

9th December, 2015
Anglo American once had the global monopoly on diamond production Pic: Pixabay

Even for a company that once had the global monopoly on diamond production during almost a century of all but constant expansion, the collapse in commodities prices is proving too much.

Anglo American, a conglomerate spanning everything from brewing, publishing and gold mining during its peak in the early 1990s, will shrink beyond recognition after chief executive Mark Cutifani announced a package of asset sales, mine closures and job cuts. Among the potential casualties is...

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