The Traderszone Network

Published in TZ Latest News 20 July, 2014 by The TZ Newswire Staff

Anglo American to unveil plan to shed platinum mines, cut 20,000 jobs: media

Anglo’s move would leave 20,000 employees jobless as the world’s biggest metal producer looks to sell its non-core assets under a strategic review being carried off by Chief Executive Officer Mark Cutifani. Anglo, the world’s No.5 diversified mining company by market value, signaled in April that it could dispose of at least some of its deep, high-cost platinum mines – and South African gold miner Sibanye Gold Ltd (SGLJ.J) expressed interest in buying them. Anglo American could not be reached outside of normal business hours.