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Giant under pressure

Anglo American is facing a crisis of confidence
Thursday, December 10, 2015 - 05:50
angloamerican.jpg
A picture taken on Jan 16, 2013 shows the Anglo American Platinum mine in Rustenburg, northwest of Johannesburg.

London

MINING giant Anglo American is facing a crisis of confidence. It unveiled what it called a "radical" restructuring on Dec 8, designed to meet the dangers posed by the rout in commodities prices. More than a quarter of the workforce is to go. Investment spending is being slashed.