Anglo Faces Headwinds in Keeping Restructuring on Track
- Miner cuts diamond output at De Beers unit it’s trying to sell
- Company announces $1.6 billion impairment on Woodsmith project
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Anglo American Plc laid out the scale of challenges it faces as the company pushes ahead with a radical restructuring plan, after rebuffing a takeover approach from rival BHP Group earlier this year.
The company on Thursday pointed to setbacks at its coal and diamond businesses, as well as an expected $1.6 billion writedown at a fertilizer mine in the UK, as it announced first-half earnings results.