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Metals & Mining corporate month in brief: February 2015
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Report summary
In February, we saw several major companies report results including Anglo American, Rio Tinto and BHP Billiton. Weaker commodity prices saw earnings fall for all of the diversified major miners and both capital and operating costs are being cut sharply. Amongst the large gold producers, there were several large impairments and companies like Barrick Gold and Anglo Gold Ashanti continue to look to reducing debt and rationalising their portfolios.
Table of contents
- Earnings drop for the diversified majors, but costs are being cut sharply
- Large gold miners take further impairments and look to reducing debt
- Other corporate news and deals
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