<div><p>Swiss mining group Xstrata reported a 77-percent slump in first-half profit to 643 million dollars (446 million euros) on Tuesday and said it needed a merger with Anglo American to compete with bigger rivals.</p><p>Xstrata said in a statement that its results reflected "adverse market conditions" with the ...

<div><p>Swiss mining group Xstrata posted Tuesday a 77 percent slump in first-half profit to 643 million dollars (446 million euros) and said a merger with Anglo American was needed to compete with larger rivals.</p><p>Xstrata said in a statement that its results reflected "adverse market conditions" with the ...

<div id="subtitle">Mining company Anglo American sees H1 profit down 31 percent as revenue slumps amid recession</div><div><p>Mining company Anglo American PLC said Friday that net profit in the first half of the year fell by 31 percent as earnings from platinum, diamonds and industrial minerals slumped amid ...

<div><p>Global mining giant Anglo American said on Friday its first-half net profit fell 30.6 percent as a result of weak commodity prices arising from the worldwide economic downturn.</p><p>Net earnings dived to 2.97 billion dollars (2.11 billion euros) in the six months to June, compared ...