Mining - 01 October 2015

Swedish engineering company, Sandvik Group, has said it will divest its Mining Systems business.

Anthracite sales and ROM production have jumped in 3Q15 as demand for the speciality coal remains strong going into the peak winter demand period.

Joy Global is to close its heavy fabrication and welding department at its Milwakee facility on low demand for mining equipment.

South African coal company, IchorCoal, has launched its bid for Australian mining company, Universal Coal.

Shares in Swiss mining and trading giant, Glencore, have recovered from their low in late September but remain well below their peak as low commodity prices continue to hit mining companies.