Anglo’s CEO talked about many issue during the results presentation, but was deafeningly silent on the one most people wanted to hear about: Xstrata
“I’ve got nothing to say,” was, in effect, the sum of Cynthia Carroll’s defence when Anglo American’s chief executive was quizzed about Xstrata’s nil-premium merger proposal. Instead, she offered an almost Panglossian view of the South African miner’s longer term prospects. Little new, in fact, was revealed at the first half results on Friday.
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Anglo American first-half profits plummet – FT