Anglo American boss says technology can lead to deeper cost cuts
LONDON (Reuters) - Anglo American CEO Mark Cutifani said technology innovations can enable the industry to carry on reducing costs, following aggressive reductions already achieved in the price of extracting resources.
"I am not of the view that industry has hit a wall in cost improvement," Cutifani told an analyst call, adding there would be more "step changes in costs".
(Reporting by Mamidipudi Soumithri and Barbara Lewis)