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Glencore Is Cashing In on Coal to Dodge Big Mining’s Slowdown

  • Company’s trading business also benefits from volatility
  • Analysts are forecasting record profit and returns this week

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 Plc 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.