Agarwal votes against Anglo American board appointment

HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.

Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.

The move will allow the platinum miner to restructure its debt and, it hopes, weather an ongoing decline of platinum prices.

Year to date gold is one of the better performers, but rhodium comes off worst.

CHARTS: South Africans can't liquidate ETF holdings fast enough, sending platinum to fresh 7-year low and palladium down 20% within only two weeks.

With the changes, Anglo’s chief Mark Cutifani is trying to turn around the company’s fortunes following years during which it has underperformed its peers.

Until now, there was no legislature clarifying issues such as whether resources mined from celestial bodies could be sold on Earth.

Learn in today's infographic how the "Industrial Internet", or the convergence of the global industrial sector with big data and the internet of things, is ushering in a new age of efficiency in mining.

The company has priced its $407 million share sale at a discount of 94% as it fights for survival after a near-collapse in the commodity's price.