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News Breaks | | | | January 13, 2013 | | 16:24 EDT |  | AAUKY | South Africa miners poised for job cuts, WSJ says
Foreshadowing potential layoffs in South Africa's cash-strapped and strike prone mining sector, Anglo American (AAUKY) may cut thousands of jobs in South Africa after a review of its platinum operations there, reports the Wall Street Journal, citing investors and analysts. Reference Link | |
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News For AAUKY From The Last 14 Days Check below for free stories on AAUKY the last two weeks. |
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| June 14, 2013 | | 05:45 EDT | | AAUKY | Coal exports fall on Asian oversupply, WSJ reports
Coal exports are slowing, reports the Wall Street Journal. In a troubling sign for U.S. coal producers, shipments fell 31% in April from March driven largely by an oversupply in Asia for metallurgical coal used in steel making. As a result, U.S. producers are now at a further disadvantage to overseas competitors because weakening metallurgical-coal prices are making high-cost U.S. production less profitable for export.Reference Link | |
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