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Anglo American to cut 9,000 jobs
Friday 20th February 2009, 1:57PM GMT.
Anglo American has seen its share price drop by up to 11 per cent after confirming 9,000 jobs would be lost on its frontline operations.
The mining giant’s South African division Anglo Platinum has already announced the loss of 10,000 jobs.
The 19,000 cuts are mostly expected to be implemented in South Africa, South America and Australia.
Anglo American, along with mining rivals Rio Tinto and BHP Billiton, has struggled during the economic downturn as demand for raw materials dries up.
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