Anglo American

This tag is associated with 3 posts

Mining – Anglo American to Cut 85,000 Jobs 

The pain among energy and mining producers is growing more acute as prices of global commodities continued their collapse on Tuesday.The newest victim is the London-based mining firm Anglo American. On Tuesday, the company announced a drastic restructuring, which includes expanding job cuts, suspending its dividend, reducing its business unit and cutting its assets. Anglo … Continue reading

Mining – Anglo American and Lonmin to cut 12,000 jobs

Two London-listed mining groups are to slash up to 12,000 jobs as commodity prices slump to levels last seen during the global recession of 2008-09. Platinum producer Lonmin plans to shut or mothball several mine shafts, putting 6,000 South African jobs at risk. Platinum prices have hit a six-and-a-half-year low, while power and labour costs … Continue reading

Mining – Anglo American to cut about 60,000 jobs by 2017

Global miner Anglo American said on Tuesday it aimed to slim down its workforce and warned of a delay in reaching a key return on capital target due to weaker metal prices, putting its long-term revamp strategy in doubt.The company said by 2017 a programme of divestments and productivity improvements would leave it with around … Continue reading

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