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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   09/12/2015
 
Anglo in major restructuring
 

Anglo American has announced major restructuring to it's company including selling more mines and not paying dividends, both this year and next, to cope with the global downturn in commodity prices and demand. Thus indicating the company does not see an upturn in the economy in the foreseeable future.

Some of Anglo's restructuring will also include cuts in its workforce to 50,000 from 135,000 this year.

Anglo intends to sell $3bn in assets, cutting its asset base by about 60%, Mark Cutifani, the CEO said. The number of assets in Anglo will fall to between 20 and 25 from 55 assets and the company has already put its niobium and phosphates businesses up for sale.


 
 
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