Reported over 1 year ago
Shares in Anglo American fell by 4% as concerns rose over the impact of an underground blaze at its coal mine in Australia on the planned sale of its coal portfolio. The ongoing fire at the Grosvenor steelmaking coal mine in Queensland is expected to delay the sale process of Anglo's coal assets, potentially affecting its corporate restructuring plan. Analysts predict negative implications and a possible hit on valuation due to the incident.
Source: YAHOO