Anglo American to exit coal assets 'at the right time': CEO - CNBC Africa

Anglo American to exit coal assets 'at the right time': CEO

Southern Africa

by Reuters 0

Anglo American to exit coal assets 'at the right time': CEO. Photo: Pixabay

Anglo American plans to completely exit its coal business, Chief Executive Mark Cutifani said on Tuesday as part of strategic changes to cope with a global commodities rout.

"Yes at the right time, for the right value," he told reporters in a conference call after Anglo reported a 55 percent drop in underlying core profit, or EBIT.

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