Reuters reported falling profits at Anglo American’s (LSE:AAL) and a major organizational reshuffle have highlighted the troubles facing the miner.
As quoted in the market news:
Analysts welcomed the departure of the boss at Anglo American Platinum, or Amplats, after the group warned of sharply lower earnings at the sector bellwether.
Its turnaround efforts could blaze the path for an industry battered by rising costs, militant labour and weak demand.
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