[miningmx.com] – ANGLO American took too long to restructure, said the Financial Times citing comments made by the UK-listed group’s CEO, Mark Cutifani, in an interview with the newspaper.
“We took more time than we should have when we started the disposals programme,” Cutifani told the Financial Times. “We need to sell some assets to get the balance sheet matched to our earnings capability in the current environment, while also building a platform for the future,” he said.
Cutifani said he believed Anglo could get “reasonable value” for its assets in spite of the sharpest falls in commodity prices in more than a decade.
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