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Anglo takes axe to spending, new projects

MINING giant Anglo American will slash its 2009 capital expenditure by more than half and defer n...

Kate Haycock

The United Kingdom-based company said it intends to reduce its 2009 capex to $US4.5 billion ($A6.4 billion). This capex includes $1.3 billion of stay-in-business spending, lower than 2008 levels, the...

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