Anglo American has suspended production at its Grosvenor steelmaking coal mine in Queensland, Australia, due to an underground fire. The fire, which has raised concerns in the metallurgical coal market, is expected to impact coal prices in the short term. Analysts predict that while the incident may not push prices back to last year's highs, it could put $300 per tonne back in play. Anglo American's steelmaking coal business expects to produce approximately 8 million tonnes. Jefferies has indicated that the fire at Grosvenor is likely to negatively affect Anglo American's met coal sales.
Jefferies says Anglo American coal fire likely to affect met coal sale https://t.co/BFSbpVM7kx
🔵 JEFFERIES SAYS ANGLO AMERICAN COAL FIRE LIKELY TO AFFECT MET COAL SALE A fire at Anglo American's Grosvenor metallurgical coal mine in Australia is likely to negatively affect its Australian met coal business, broker Jefferies said in a note on Monday. Full Story via… https://t.co/4hl6YMZjmQ
⚠️ ANGLO AMERICAN PLC - ANGLO AMERICAN SUSPENDS PRODUCTION AT GROSVENOR **ANGLO AMERICAN - SUSPENDED PRODUCTION AT ITS GROSVENOR STEELMAKING COAL MINE IN QUEENSLAND, AUSTRALIA **ANGLO AMERICAN : ANGLO AMERICAN'S STEELMAKING COAL BUSINESS EXPECTS TO PRODUCE C.8 MLN TONNES OF…
Have now heard from three sources there was also a fire of some sort at Allegheny Met’s Longview mine in Central WV this afternoon. If true it would remove another 2-3 Mtpa of HVA/B (it’s a “tweener”) coking #coal from the market and tighten US relativities to PLV. #CoalTwitter https://t.co/F47rP7hJMo
Took a stab at analyzing the likely effect Anglo's Grosvenor #coal mine fire will have on metallurgical coal markets going forward. In short, I doubt it pushes us back to last year's highs, but $300 most definitely back in play. #CoalTwitter https://t.co/FgTt3AijPK
Took a stab at analyzing the likely effect Anglo's Grosvenor #coal mine fire will have on metallurgical coal markets going forward. In short, I doubt it pushes us back to last year's highs, but $300 most definitely back in play. https://t.co/FgTt3AijPK
Anglo Suspends Production at Australian Steelmaking Coal Mine https://t.co/qPNFacQ5zC
Anglo American has suspended production at its steelmaking coal mine in Queensland, Australia, because of an underground fire https://t.co/yBadl0d7me
Anglo American suspends production at Grosvenor steelmaking coal mine (Press releases) https://t.co/L3MQXOp9Jx via @AngloAmerican
Anglo American battles underground fire at Australian coal mine https://t.co/A131oPu9VL
Seeing some pretty concerning photos of the fire at Anglo’s Grosvesnor mine - these courtesy of our friend @realhagetaka. Almost certainly going to put a bottom under Met #coal prices in short term, but mostly thankful nobody hurt. #CoalTwitter https://t.co/ddyKB4DDRr