photography of excavators at mining areaPhoto by Dominik Vanyi
  • Anglo American Suspends Production at Grosvenor Mine Following Incident

June 30 2024 15:35:34 — Anglo American has announced the suspension of production at its Grosvenor steelmaking coal mine in Queensland, Australia. This decision follows an underground coal gas ignition incident that occurred on June 29, 2024.

Anglo American’s mine team is collaborating with specialist teams from the Queensland Mines Rescue Service and regulatory authorities to extinguish the underground fire. The process of extinguishing the fire and assessing the steps towards a safe re-entry into the mine is expected to take several months due to the likely damage underground.

Impact on Production and Future Guidance

Anglo American’s steelmaking coal business projected a production of approximately 8 million tonnes of product in the first half of 2024, with Grosvenor contributing around 2.3 million tonnes. For the entire year of 2024, the production guidance for the steelmaking coal business stands at 15 to 17 million tonnes, with Grosvenor expected to contribute about 3.5 million tonnes.

This lower contribution in the second half of the year was anticipated due to a planned longwall move. The company has stated that an update to the steelmaking coal production guidance will be provided once more information becomes available.

The incident at Grosvenor mine underscores the inherent risks associated with underground mining operations. While the safety of the workforce remains the utmost priority, the operational and production impacts are significant.

For further updates on the situation and its impact on production guidance, stakeholders are advised to monitor Anglo American’s official communications.

Update: UBS Closes Credit Suisse Merger

Update: IAG Hires Goldman Sachs For Share Purchases in Air Europa Deal

Update: Bundeswehr Orders 6,500 Trucks From Rheinmetall, Worth €3.5Bn.

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

Leave a Reply

Your email address will not be published. Required fields are marked *

GDPR Cookie Consent with Real Cookie Banner