At a time when the world’s most-efficient miners (such as Rio Tinto and BHP Billiton) are struggling to withstand the impact of the commodity market rout, Anglo American’s dismal performance was obvious. *Across the board top-line pressure* Sales: H2 15 – $8.9bn (-31% yoy; -23% hoh); 2015 – $20.5bn (-24%; 3.9% behind AV estimates) Anglo’s diverse commodity proposition failed in 2015 with its diamond business volumes collapsing 39% on account of weakening demand (
01 Mar 2016
Another difficult year (finally) compels a massive asset rejig
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Another difficult year (finally) compels a massive asset rejig
Anglo American plc (AAL:LON) | 2,188 -65.6 (-0.1%) | Mkt Cap: 29,270m
- Published:
01 Mar 2016 -
Author:
Varun Sikka -
Pages:
4
At a time when the world’s most-efficient miners (such as Rio Tinto and BHP Billiton) are struggling to withstand the impact of the commodity market rout, Anglo American’s dismal performance was obvious. *Across the board top-line pressure* Sales: H2 15 – $8.9bn (-31% yoy; -23% hoh); 2015 – $20.5bn (-24%; 3.9% behind AV estimates) Anglo’s diverse commodity proposition failed in 2015 with its diamond business volumes collapsing 39% on account of weakening demand (