Australian coal stocks rally on Anglo American mine explosion

  • 📰 mining
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

No 1 source of global mining news and opinion

Whitehaven Coal is poised for a 17% weekly advance, its best since October 2022, with Sydney-listed Coronado Global Resources and Yancoal Australia posting similar gains. Coking coal futures in Singapore hit a two-month high earlier this week after a fire at Anglo American’s biggest metallurgical coal project in Australia halted production.

The blaze at Anglo’s Grosvenor mine, which started after a methane explosion on Saturday, took roughly 1% of seaborne coal out of the market and could take months to extinguish. It also coincided with the London-based miner’s plans to sell the asset as part of a turnaround plan.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 449. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares