Mark Cutifani: 'We are rebuilding Anglo American'

(miningmx.com) – It has been two years now since Mark Cutifani took the helm of Anglo American in which he promised to hike investment returns, slim the asset mix and sort out the project pipeline he called constipated, ditching bad projects and keeping the good. Anglo’s share price, however, has tended to underperform its peer group – BHP Billiton, Rio Tinto and Glencore – in the last 12 months, especially from February. Analysts believe that the company is moving in the right way, but there’s concern about the firm’s South African exposure, the drag in disposing of non-core assets and whether the group ought to be in iron ore at all, even if its expensive Minas-Rio mine is now operating.