Anglo American plans to slash two thirds of its 135,000 workforce, suspend its dividend and sell or shutter unprofitable mines. Photo: AFP

Mining sector defaults likely next year unless radical action taken, ratings agencies warn

Oil and gas and metals and mining firms accounted for 36 per cent of Moody’s downgrades in the first 10 months of this year

Topic |   Commodities

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Anglo American plans to slash two thirds of its 135,000 workforce, suspend its dividend and sell or shutter unprofitable mines. Photo: AFP
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