To determine the anisotropic mechanical characteristics of carbonaceous slate at the Jinman Mine located in Lancang River Gorge, China, uniaxial compression, acoustic emission (AE) monitoring, and scanning electron microscopy (SEM) tests were conducted. The results show that stress loading directions and bedding effects have a significant impact on strain characteristics. The deformation of slate undergoes compaction, elastic, damage accumulation, and failure stages, and there are significant differences in strain paths. The mechanical properties of grey and carbonaceous slate have significant features, and variations of these properties of carbonaceous slate are more than that of grey slate. The discrete degree is significantly related to the direction of stress loading and different types of slate structures. The AE response intensity is related to the loading mode and slate type. A sudden increase in the AE cumulative ring number near peak stress indicates instability and rupture and is a precursor of rock rupture. The failure patterns and fracture characteristics are significantly correlated to the layered structure of the slate. Slates subjected to vertical loading and parallel loading conditions are dominated by shear fracture and tensile fracture, respectively. The peak strains of gray and carbonaceous slate correspond to brittle failure. The SEM tests indicate that slate samples subjected to parallel loading primarily show a tensile failure compared with slate samples subjected to vertical loading, with fractured sections being of lesser roughness, and scattered fractures and sections being smooth without obvious protrusions or cracks.