November 27, 2015 / 8:34 AM / in 2 years

BUZZ-Anglo American: To shut Australian coal mine

** Miner Anglo American's shares down 3.1 pct, bottom of the FTSE 100, after saying it would close its Drayton coal mine

** State panel recommended that Australian government block expansion of the mine as it would spoil the region

** Stock easily worst FTSE performer - next biggest losers are rivals BHP Billiton (-1.7 pct), Glencore (-1.6 pct) and Rio Tinto (-1.4 pct)

** Anglo also bottom of the Stoxx 600 Basic Resources Index ; languishing at record low levels hit Oct. 11

** Sector also on the backfoot following another swoon in Chinese equity markets on Friday (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below