Monday, 5 January 2009
Anglo American PLC
Anglo American PLC, which represents about 10% of the South African index, has been one of the worst performers among the world's major diversified mining companies.It has now addressed issues with its under-performing management team. Chief executive officer, Cynthia Carroll, is focusing on cost savings which should help. The stock, however, will require In the scenario both a weaker South African Rand, and a stronger price for platinum, rhodium, palladium and diamonds in order to regain its comparative position against other majors.