Mining company Glencore has set a new target to cut net debt to between $16.5bn and $17.5bn (£12.5bn-£13.5bn) this year.
In March, the aim was to cut debt to between $17bn and $18bn.The attempt to further improve the company's balance sheet comes as it reported a 66% drop in first-half profit to $300m.
Glencore's half-year results showed it had been affected by turbulent commodity prices.
Despite the fall in profits, the company said asset sales left it on track to cut debt.
"We have already largely achieved our asset disposals target of $4bn to $5bn with a diverse and material pool of asset sales' processes also ongoing," said chief executive Ivan Glasenberg.
On Wednesday, the company also announced the planned sale of all future output of gold and a 30% stake in its Ernest Henry copper mine in Australia to Evolution Mining for A$880m ($670m) to help pay down debt.
Edward Sterck, metals and mining research analyst at BMO Capital Markets, said: "The underlying results are broadly in line with our forecast, the further asset sales are a positive here."
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