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Glencore cedes coal bragging rights to BHP

A 50% crash in the price of thermal coal has sparked an investment downgrade of Glencore, one of the world’s biggest miners of the material, but the flipside of remarkable recent events in coal is that BHP might earn an upgrade ahead of its half-year profit report next week.

Glencore cedes coal bragging rights to BHP Glencore cedes coal bragging rights to BHP Glencore cedes coal bragging rights to BHP Glencore cedes coal bragging rights to BHP Glencore cedes coal bragging rights to BHP

The difference lies in the quality of coal mined by the two companies. BHP is a specialist in the production of high-quality metallurgical (or coking) coal used to make steel.

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