Anglo American, BHP Billiton, Rio Tinto and Xstrata all came under pressure on Friday after UBS slashed its coal price forecasts.
Coal is a very important cash generator for the UK’s big four mining companies, especially Xstrata and Anglo American.
By Neil Hume
Published: December 19 2008 08:51 | Last updated: December 19 2008 20:44
Anglo American, BHP Billiton, Rio Tinto and Xstrata all came under pressure on Friday after UBS slashed its coal price forecasts.
Coal is a very important cash generator for the UK’s big four mining companies, especially Xstrata and Anglo American.