Anglo American exits South African coal with sale of New Largo mine
Last year, the miner sold other coal assets that exclusively supplied South Africa’s power utility Eskom, including New Vaal, New Denmark and Kriel collieries.
FT takes a look at the fortunes of Rugeley now that the online giant Amazon has replaced the coal mine as the economic heart of the small English town.
Vancouver-based Teck Resources Ltd. is yet another miner feeling the impact of low coal prices: net profit was down 54% last year from same period in 2011.