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Anglo American to Brief on Cost Cuts in December

Aug. 12 (Bloomberg) -- Anglo American Plc Chief Executive Officer Mark Cutifani said he will update investors in December on the outcome of a review of the mining company’s operations to identify cost savings.

Cutifani, who started as CEO in April, is working his way around the London-based company’s operations and said the review will be finished by next month.

In December “we will tell people how we are doing against our major cost reduction program, which is eliminating duplication, how we’re doing on our major projects to improve the business,” Cutifani told reporters today in Montreal after a speech at the World Mining Congress.

To contact the reporter on this story: Frederic Tomesco in Montreal at tomesco@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

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