Demand for key commodities such as copper, iron ore and coal is likely to remain weak in the near term and the timing for a recovery is uncertain, global diversified miner Anglo American PLC (AAUK) said Tuesday in a presentation posted on its website.
"Fundamentals of our industry remain solid," CEO Cynthia Carroll said in the presentation.
Anglo American has responded to the downturn with measures to conserve cash, cut production and boost efficiency while strengthening the corporate balance sheet through asset sales and two bond issues, Carroll said.
"No further refinancing (is) required over the medium term," Carroll said.
Company Web site: http://www.angloamerican.co.uk
Posts
BHP head differs from Rio Tinto on ‘V-shaped’ economic recovery
-
BHP Billiton , the world’s largest mining company, does not expect a sharp
rebound in commodities demand and sees a slow and protracted recovery in
the glo...
16 years ago
No comments:
Post a Comment