, Columnist
Miners' Window Display Gathers Dust
Anglo American will struggle to raise the money it needs from hiving off unwanted assets.
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Putting a `For Sale' label on a product and displaying it in your store window is pretty easy. Replacing it with a `Sold' sticker is much harder.
That's not likely to be news to Anglo American, which Tuesday fleshed out plans to sell coal, iron ore, nickel, niobium, phosphate and platinum mines to cut its $13 billion in debt. But it's good reason to question whether Chief Executive Officer Mark Cutifani will hit his target of raising some $3 billion to $4 billion from the assets this year: