It's Existential for Anglo American as CEO Faces His Investors
- CEO Cutifani addresses conference at Cape Town event
- Miner's stock-market value now little more than half its debt
Why Anglo American Platinum Is Putting Projects on Hold
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When Mark Cutifani took over running Anglo American Plc in April 2013, things were already going from bad to worse. Now, they’re existential.
While the Australian chief executive officer talked of “grim” markets, job losses and abandoning businesses for years, it’s turned into a question of survival as he tries to salvage a century-old company from the wreckage of over-expansion funded by billions of dollars of debt.