Warrior delays spending on met coal project

摘要

London—US miner Warrior Met Coal is delaying capital spending on a new coking coal project, after prices plunged as uncertainty in the economy grew following the coronavirus pandemic. Warrior has delayed $25 million budgeted for development for the Blue Creek project until at least July 1, the company said late Wednesday in a investor call. The impact of coronavirus on the economy and mining operations, and low spot prices, are weighing on the sector, with some US miners idling mines since March.