Cutifani to Ride Rough in Review of Anglo Zz Analysts Seek Clear Strategy

Cape Times (South Africa), July 19, 2013 | Go to article overview

Cutifani to Ride Rough in Review of Anglo Zz Analysts Seek Clear Strategy


BYLINE: Dineo Faku

MARK Cutifani, the new chief executive of Anglo American, is expected to put on a brave face when he announces the outcome of the company's strategic review at his first results presentation next Friday.

Cutifani said last month that the evaluation was focusing on the performance of Anglo's divisions, allocation of capital and the importance of South Africa to its portfolio.

Abdul Davids, an analyst at Kagiso Asset Management, said yesterday that he anticipated Cutifani to unveil a clear strategy that would lead to the realisation of value and return assets to profitability.

"I expect to hear a clear strategy from Cutifani at the next set of results," he said.

Anglo may report a 31 percent plunge in underlying profit to $1.17 billion (R11.5bn) when it releases interim results next Friday, according to the average estimate of four analysts surveyed by Bloomberg.

In an update released yesterday, Anglo posted an improvement in second-quarter platinum production despite illegal industrial action at its Anglo American Platinum subsidiary, but iron ore output fell.

Anglo's share price rose 1.53 percent to close at R207.92 on the JSE yesterday. Since Cutifani took over in April, the share price has dropped by about 12 percent.

The diversified mining company reported mixed quarterly production results that showed a 2 percent year on year improvement in group equivalent refined platinum production to 594 000 ounces.

Refined platinum production decreased by 7 percent year on year to 582 000 ounces.

"Underground mining performance was principally impacted by the intermittent illegal industrial actions, the national bus driver strike which impacted employees' ability to commute to work and safety stoppages," the company said in its production update. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Cutifani to Ride Rough in Review of Anglo Zz Analysts Seek Clear Strategy
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.