Tuesday, May 30, 2017
One of the trendiest of the season
Editors Elle, seems to have reached a consensus, and here stylists have decorated their models with single bracelets, as well as combinations of bracelets of gold up to the elbows. And Glamour editors were in favor, to update the fall wardrobe, using jewelry, stressing that with the help of one of the trendiest of the season bracelets can be made to the little black dress look new.
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Anglo American has denied reports that it has deviated from the Action Plan, when it decided to focus on its strongest market segment assets in diamonds, copper and platinum last year.
The Group owns 85% stake in De Beers, which produced 7.4 million carats in the first quarter of this year compared with 6.9 million carats in the same period a year earlier.
"I ask you to recall the circumstances that existed as little more than a year ago, when the mining and raw material prices have reached the bottom", - said chairman of the company Dzhon Parker (John Parker).
"In the period after the fall of the profit and EBITDA by a total of $ 6.4 billion for the previous two years and weak hopes of rising prices Anglo American was necessary to take bold action to reduce the debt burden to manageable values ... Thus, in some cases, we have accelerated sales processes (assets), which are already implemented, and expanded the range of assets to create competitive tension in these processes. We have made a clear commitment not to make proposals underestimate the value of assets, particularly STI - the highest quality of them, which would normally put up for sale, we would not have, "- he added.
Kyutifani Mark (Mark Cutifani), CEO of Anglo, also praised the diamond business conglomerate as a global scale.
"While not every asset is our leader in its field, aggregation of assets within the De Beers business adds breadth and value of our product offerings," - he said.
"With regard to the production of metals of the platinum group, we rely on our high-quality resource base, and we understand the urgent need to ensure that our assets are as effective as possible in terms of cost. We also need to move forward with the development of markets, fuel cells and jewelry products ", - said Kyutifani.
"In the copper mining segment in our existing resource base has significant potential in Peru, in Chile and in the long term in Finland, but we have not yet reached such a scale and quality, which would like to achieve We continue to work on this.", - he said.
According Kyutifani, Anglo group has fulfilled its key commitments in the last year, since it will provide a free cash flow of $ 2.6 billion, significantly exceeding the target figure, while net debt was reduced to $ 8.5 billion versus $ 10 billion target level .
Meanwhile, Anglo aim for the future is to have a robust balance sheet and to increase the stability of each of its subsidiaries to price volatility, which is typical for the mining industry.
Kyutifani said the group also plans to restore the dividend by the end of the year based on the rate of payment of remuneration to investors.
Parker said that the fate of the mining industry will inevitably depend on developments in China, where the authorities have recently reduced the target country's economic growth in 2017 to 6.5%, as China seeks to balance its economy through a combination of incentives and managed slowdown.
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