Anglo American’s (AAL) Losses Deepen To $5.6B After Commodity Rout Forces Write-Downs

Mining giant Anglo American said Tuesday that its net loss doubled to $5.62 billion in 2015, after the company faced impairment charges of $3.8 billion due a massive rout in commodity prices. In a statement, Anglo American said that it plans to sell assets worth $3 billion to $4 billion to repair its battered finances and to increase earnings before interest and tax by $1.9 billion in 2016.

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