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Mining group Anglo American has slashed its annual dividend by a half after seeing profits plunge in 2023 on the back of impairments and downturns in the platinum and diamond markets. ....
Anglo American Platinum said it was starting a restructuring that could affect more more than 4,300 jobs due to lower prices, higher costs amid a global economic slowdown. ....
Mining giant Anglo American has said that production volumes in the fourth quarter were down 7% year-on-year as a result of a deliberate slowdown at its South African iron ore operations and weaker ore at the Los Bronces copper mine in Chile. ....
Dollar-rich investors have reacted to President Tinubu s radical reforms by rushing to the door, President Bola Tinubu s great gamble that shock therapy – ending subsidies and devaluing the naira – would bring back foreign capital and stabilise state finances isn t working. Instead, the naira is plumbing new depths against the US dollar each week and a slew of multinational companies are selling their assets. ....