Short Takes on a Big World

Slimmed Down Anglo American

Installation at the Istanbul Biennale (Beyoğlu) 2019 ©Ismail Lagardien

Anglo American currently has 34 mines, globally, compared with 68 in 2012. Its workforce now stands at 90,000, significantly down from 160,000. Output is 8 percent higher and unit costs are 27 percent lower. Helped by higher commodity prices, it’s stock is up 850 percent from its nadir in 2016. (Source: FT Weekend 11/12 January 2020)