Reported 12 months ago
A fire at Anglo American Plc’s metallurgical coal project in Australia has led to the suspension of production, with the possibility of it taking months to be extinguished. The blaze occurred at the Grosvenor underground mine in Queensland, responsible for 30% of the company’s annual coking coal production. This incident could impact Anglo's plan to sell its coal assets, including Grosvenor and Moranbah North projects, leading to a potential delay in the sale and a decrease in bidding prices.
Source: YAHOO