Anglo Shelves Asset Sales After Profit Doubles on Cost Cuts
- Nickel, Australia coking coal among mines no longer for sale
- Net debt of $8.5 billion is below company’s previous target
Anglo American 'In a Different Place,' Says CEO Cutifani
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Anglo American Plc canceled a plan to sell several assets after earnings doubled last year on cost cuts and rising metal prices.
Nickel mines in Brazil and coking coal assets in Australia will no longer be sold, Chief Executive Officer Mark Cutifani said in an interview on Bloomberg Television on Tuesday. The company is “happy to stick with” its iron ore and export coal mines in South Africa, he said.