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Anglo American to sell assets, close mines, cut 85,000 jobs

Potential casualty is Minas Rio, a Brazilian iron-ore mine, which cost US$5.1b to buy and US$9b to build

The company's Los Bronces copper mine, 60 kilometres from Santiago. Mr Cutifani said any mines that don't make money will be put up for sale or simply shut.


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 Plc, a conglomerate spanning everything from brewing, publishing and gold