Mining News

Glencore is cashing in on coal to dodge big mining’s slowdown

The world’s biggest miners have spent the past two weeks reporting lower profits, shrinking dividends and a worsening outlook as the year rolls on. Next up: Glencore looks set to buck the trend.

While commodities like iron-ore and copper have retreated as gloom settles over the global economy, Glencore is enjoying two key advantages over its mining rivals – a powerful trading business that thrives in volatile markets, and a suite of coal mines now churning out previously unimaginable earnings thanks to the global energy crunch.

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