BUZZ-Anglo American: To shut Australian coal mine

Fri Nov 27, 2015 3:30am EST
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** 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 (