Wilson PonAnglo Chose Not to Accept The Merging Deal!
August 17th 2009 07:17
As the world’s biggest mining conglomerates, Anglo American is now having financial trouble!
In the same time, a Swiss-based rival Xstrata have trying to give a deal,, by offering a merger as the final solution to help Anglo American overcome the problem.
The Xstrata said a merging could help both the companies to save much cost and manage the expenditure better! However, Anglo American didn’t seem to agree with Xstrata’s suggestion.
Anglo American said that a merger with Xstrata is “profoundly impact” the nature of the group’s interests. In addition, after the merging, Anglo American might lose its domination over the position in the platinum, iron ore and diamond markets in around the world!
Anglo American has firing more than 19,000 employees this year. The further job cutting might be onward, if the raw materials demand is keep decreasing throughout the year.
In the same time, a Swiss-based rival Xstrata have trying to give a deal,, by offering a merger as the final solution to help Anglo American overcome the problem.
The Xstrata said a merging could help both the companies to save much cost and manage the expenditure better! However, Anglo American didn’t seem to agree with Xstrata’s suggestion.
Anglo American said that a merger with Xstrata is “profoundly impact” the nature of the group’s interests. In addition, after the merging, Anglo American might lose its domination over the position in the platinum, iron ore and diamond markets in around the world!
Anglo American has firing more than 19,000 employees this year. The further job cutting might be onward, if the raw materials demand is keep decreasing throughout the year.
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