Diamonds are forever; is Anglo American?
* Shares fall despite Anglo plans cut assets by 60 percent
* Aims to focus on diamonds, platinum, copper
* Investors concerned about debt
* Some predict rights issue, wider sales
By Olivia Kumwenda-Mtambo and Freya Berry
JOHANNESBURG/LONDON, Dec 10 (Reuters) - Anglo American's plans to shut or sell dozens of loss-making mines have failed to halt a dramatic slide in its share price and it may need to sacrifice stronger parts of the business or raise cash from shareholders to pay down its debt.
The company, which grew from gold fields near Johannesburg to dominate diamond, platinum and, to some extent, iron ore markets, is one of many miners struggling with a fall in commodities' prices driven by lower demand from China.
That makes selling assets that much harder.
Anglo's shares have slumped 11 percent since it announced the biggest restructuring in its nearly 100-year history on Tuesday, leaving it with a market value of $6.7 billion, down from $27 billion a year ago. Continuación...