Quotes from the news wire:
The proceeds from this transaction ... will enable us to continue to reduce our net debt towards our targeted level of less than $10 billion at the end of 2016.
Found on Reuters 8 years ago
This strategy generally has a net negative effect, moreover, we can't rely on a reversal of this price slump any time soon. 2016 is already shaping up to be the most challenging yet. Opinions are divided on whether we have reached the bottom of the cycle... So things may still get worse before they get better. Anglo American announced plans in December to whittle down Anglo American business to cope with severe falls in commodity prices. The plan involves offloading three-fifths of its assets.
Found on Reuters 8 years ago
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