Anglo American, a mining company, is preparing to implement significant cost-cutting measures due to the impact of a price rout. The company plans to reduce production across various commodities next year to lower costs. Additionally, it aims to achieve $1.8 billion in spending cuts by 2026. Its South African iron ore unit has already reduced production due to ongoing rail issues.
Anglo's S.African iron ore unit cuts production as rail woes persist https://t.co/1X9Q23wwqk https://t.co/t9TWNhvT1c
Breakingviews - Anglo American’s reshuffle can go further https://t.co/f7eDgtQgYY https://t.co/f7eDgtQgYY
From Breakingviews - Anglo American’s reshuffle can go further https://t.co/LYAbNr1B6h https://t.co/LYAbNr1B6h
Anglo American plans $1.8 billion spending cuts by 2026 https://t.co/earaqpeoCU https://t.co/7YhFNV9dAv
Anglo American to slash production in bid to cut costs https://t.co/64FuflQfUq
Anglo American will lower production across nearly all commodities next year in a bid to cut costs https://t.co/DZAD5E3ZnF
Anglo American will lower production across nearly all commodities next year in a bid to cut costs https://t.co/BlQe5SCZU6
Exclusive: Anglo American preps sweeping cost cuts as price rout bites - sources https://t.co/oNwYTG1Dey https://t.co/TZczpEuhzv