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BUZZ-Anglo American: gains after new chairman takes office

Reuters - UK Focus

** Anglo American (LSE: AAL.L - news) +3.9 pct after new Chairman Stuart Chambers takes office

** In his first comments in the job, Chambers says Anglo American will retain its focus on cutting costs and reducing debt

** Chambers says in a video on Twitter (Frankfurt: A1W6XZ - news) that a development priority is the Quellaveco copper project in Peru, which the board will discuss next year

** Also on Wednesday, Peru's mining minister says Peru expected to finalise $10 bln of new mining investment next year, including Quellaveco

** Anglo slightly outperforms broader sector, which is up c3 pct