Tuesday, December 8, 2015

Anglo American to cut 85,000 jobs as mining companies face deflation

Commodities sector and related mining companies in trouble

Crippled commodities from copper, to iron ore, to coal just keep imploding

Workers are being sent home and mining companies related to mining raw materials are suffering major losses unlike ever before.  The situation is growing worse and is expected to continue with deflation:

http://www.wsj.com/articles/anglo-american-boosts-asset-sales-to-battle-commodities-slump-1449563464

...developing...