CAN AMAX REMAKE ITSELF FROM THE TOP DOWN?

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  • Additional Information
    • Subject Terms:
      AMAX Inc.; DEBT relief; CORPORATE reorganizations; MINERAL industries
    • Subject Terms:
      UNITED States
    • Abstract:
      The article reports on the impact of Amax Inc.'s debt on its business in the U.S. It is stated that Amax has been forced to undergo management reorganization because of the said debt. Amax has sold part of its specialty metals, which include alloys, coal, oil, and gas holdings to help lower its debt by $447 million. The company's intention for undertaking the reorganization is to align its operations with the needs of the market.