Anglo results give Cutifani much to do

[miningmx.com] – ANGLO American’s second quarter production results generally compared unfavourably with its rivals and underpinned the task new CEO, Mark Cutifani, faced, said the Financial Times citing analysts.

The Financial Times cited John Meyer, an analyst at SP Angel Corporate Finance in London, who said Anglo’s figures “spoil[ed] a good run of production numbers’ from other mining companies including BHP and Rio Tinto.

Liberum said the results were “a mixed bag” while Bernstein said the results were not “… really shocking from a company embarking upon a turnround path.’

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