Its remaining assets are expected to see adjusted earnings margins of 30 percent, up from 23 percent for its current operations, the company said. The company plans to use proceeds of the asset sales to pay down its net debt from $12.9 billion to less than $10 billion by the end of 2016, and aims to restore its credit rating. On Monday, Moody's cut Anglo's credit rating to junk status — a new low for the big global mining companies that are all struggling with plunging commodity prices, BBC reported. Anglo is suspending paying dividends to shareholders to conserve cash, BBC reported. Other mining groups including Rio Tinto, Glencore and Brazil's Vale have already cut dividend payouts to shareholders. The restructuring is "about changing the balance sheet and it is about making sure we have a great company," Anglo American CEO Mark Cutifanitold reporters Tuesday.