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Anglo American (AAUKY.PK) CEO Cynthia Carroll presented her final set of results before stepping...
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Friday, February 15, 8:29 AM ETAnglo American (AAUKY.PK) CEO Cynthia Carroll presented her final set of results before stepping down, and they're not pretty. The miner swung from a $10.8B pre-tax profit in 2011 to a $239M loss in 2012, hit by lower commodity prices and $4.6B of writedowns, mainly on its Minas Rio iron ore project in Brazil. But Carroll is optimistic about China's economic uptick and improved sentiment over iron ore prices.
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