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Berenberg slashes target price on Anglo American

Analysts at Berenberg slashed their target price on multinational mining group Anglo American from 2,000.0p to 1,500.0p on Monday, stating its recent update left "a lot to answer". ....

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Anglo American targets $1bn in cost cuts by end-2024

Global miner Anglo American on Friday outlined plans to cut operational costs by around $1bn by the end of 2024, reducing production by about 4% as near-term constraints and volatile market conditions continued to weigh on earnings and its share price.
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Transnet woes force Anglo to cut production at Kumba Iron Ore unit

Kumba Iron Ore, a South African unit of global mining giant Anglo American, on Friday said it was cutting production over the next three years to align output to constrained capacity to transport minerals via rail to port. ....

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