Anglo restarts Australian Moranbah North coking coal mine, keeps Grosvenor idled

摘要

London—Miner Anglo American said the underground Moranbah North coking coal mine in Queensland restarted main operations in June as planned, after a mine roof fall in January led to a halt. “Longwall mining activities at Moranbah North recommenced a couple of weeks ago,” Anglo said in a statement June 16. Moranbah North produced 450,800 mt in Q1, down from 2.3 million mt in Q4 2019. The mine produces a premium mid-vol coal, and the halt of operations coincided with a period of weak pricing for seaborne coking coal. Low demand in Northeast Asia and South Asia due to the COVID- 19 pandemic, and China’s slower demand for imports, contributed to a fall in benchmark premium coal prices to a multi-year low.