Anglo American’s Q3 met coal output plunges 26% on year
Oct 23, 2020 17:00
Anglo American’s production of metallurgical coal for export from its operations in Australia slumped by 26% on year to 4.8 million tonnes on actual share over the July-September quarter, according to its quarterly report published on October 22. The company ascribed the on-year decline primarily to the suspension of operations at the Grosvenor coal mine in Queensland since May. Anglo American’s July-September exports were still higher by 22% from April-June, however.
As Mysteel Global had reported, a gas ignition accident in May at the Grosvenor underground met coal mine seriously injured five employees and caused mining to be halted. The mine is expected to return to operations in the second half of 2021, the company noted. Started in 2016, the Grosvenor