Anglo sticks to 2020 output goals after Q2 slump

Experts warn Canada's mining industry faces a looming risk it's not ready to deal with — lack of access to workers with the skills needed in an upswing.

The sale is part of Anglo’s plan to exit coal as well as the miner's divestment scheme aimed to raise between $3bn and $4bn by year-end.

Interest is spurred by the rebound in coal price, and by knowledge that steel mills in Asia are looking to diversify their coal import portfolios.

Whether Clinton or Trump wins the US election, the coal sector will continue its decline, but steel may improve with a Democrat win.

Rodolfo Illanes (56) was kidnapped Thursday, tortured and beaten to death according to officials.

Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.