Sumitomo resumes production at Ambatovy, withdraws nickel output outlook
Sumitomo has been struggling to stabilise production and improve profitability at the Madagascar project, which launched in 2005.
South Africa’s AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world’s third-largest producer of the metal, returned to profit in the fourth quarter thanks to a combination of cost cutting measures and improved bullion prices. The company, however, did not manage to avert posting...
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