Anglo American Plc appointed Mark Cutifani as chief executive officer as the mining company seeks to reverse the $14 billion loss of market value it suffered in the five years his predecessor Cynthia Carroll was in charge.
Anglo American Plc, which controls the world’s biggest platinum producer, boosted first-quarter iron ore, platinum, copper and diamond output on rising demand and said the sale of its zinc unit is “well advanced.”
Anglo American Plc Chief Executive Officer Cynthia Carroll, the first woman, external hire and non- South African to hold the job, will quit after Anglo lost $14 billion in value in the more than five years she was in charge.
India’s benchmark stock index had the worst weekly loss in a month on speculation European policy makers will struggle to reach a resolution and the country’s central bank may persist with monetary tightening.
India’s benchmark stock index dropped, capping its second-worst yearly loss as the debt crisis in Europe and the biggest series of interest-rate increases on record hurt corporate earnings and curbed growth.