Anglo coking-coal mine blaze to have months-long impact

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Anglo coking-coal mine blaze to have months-long impact
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A methane explosion on Saturday caused a fire at the Grosvenor underground mine, which accounts for about 30% of the company’s annual production of coking coal in Queensland state, Anglo said.

A fire at Anglo American Plc’s biggest mettalurgical coal project in Australia has halted production, with the miner saying it may take several months for the blaze to be extinguished. A methane explosion on Saturday caused a fire at the Grosvenor underground mine, which accounts for about 30% of the company’s annual production of coking coal in Queensland state, Anglo said in an emailed statement Monday. No-one was injured.

After the world’s biggest miner walked away in May, Anglo Chief Executive Officer Duncan Wanblad announced a radical overhaul and restructure of the business, with analysts anticipating a swift sale of the coal portfolio due to its relatively high value.

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