[miningmx.com] – MARK Cutifani, who started as CEO of Anglo American earlier this week, would spend the first few months in his new job assessing the assets owned by the UK-listed group.
Quoting an internal company interview, BDLive said Cutifani would assess asset mix and competitiveness in making his assessment of how to proceed at Anglo American.
“I’ll look at the portfolio, the commodities we’re in. Are they the right commodities for the future?,” said Cutifani.
“The assets: are they competitive? Are they as good as they could be? Should we be doing things differently to realise value?,” he added.
According to BDLive, Cutifani would also assess the company’s balance sheet, especially as the company reported a rare loss in its last financial year amid asset write-downs, strikes in South Africa and lower commodity prices.
While there was “always some uncertainty” in commodities markets, global growth would bolster demand, BDLive quoted Cutifani to have said.
“In terms of water, energy, commodities, the world is short,” Cutifani said. “If the world is going to continue to grow at better than 3%, we don’t have enough of any of those products to actually support that growth.”
