19.12.2008 - Anglo cuts spending on commodity slump
From Resource Investor: Anglo American yesterday became the latest of the world’s top international resources groups to slash capital spending and defer new projects in response to sharp falls in commodity prices. Anglo said it would halve its capital spending to $4.5 billion next year, mainly by rescheduling development projects. Output of most of its major products next year would be similar to this year’s..... Full Article: Source