EasyBourse.com - Apr 16, 2009Anglo American plc (AAL)
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Eily Ong
at
Credit SuisseAround $1.1 billion of the loan had been drawn. The miner also has sold off its stake in miner AngloGold Ashanti Ltd (
AU) for $1.7 billion, suspended its share buyback program, cut capital expenditures, and eliminated a final dividend.
"We believe that these cash raised by the group would quell the need of a rights issue," Credit Suisse analyst Eily Ong said in a note. Company Web site: www.angloamerican.co.uk . By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com .
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Around $1.1 billion of the loan had been drawn. The miner also has sold off its stake in miner AngloGold Ashanti Ltd (<span class="company">AU</span>) for $1.7 billion, suspended its share buyback program, cut capital expenditures, and eliminated a final dividend. <span class="sent"> "We believe that these cash raised by the group would quell the need of a rights issue," Credit Suisse analyst <span class="analyst">Eily Ong</span> said in a note. </span> Company Web site: www.angloamerican.co.uk . By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com .
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