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
London
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 mining during its peak in the early 1990s, will shrink beyond recognition after chief execu…
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