Aussie coal miners rally as rival Anglo American suspends local mine operations

Coronado Global Resources

01/07/2024 03:34

(Updates)
    ** Australian coal miner shares jump after news that British
multinational miner Anglo American PLC  AAL.L  suspended
production at its Queensland coal mine in Australia and closed
the site due to an underground fire
    ** Anglo is a bigger company compared to major coal miners
in Australia 
    ** Coronado Global Resources  CRN.AX  rises as much as 10.8%
to A$1.31, set for best intraday pct gain since Nov. 2022
    ** CRN top gainer on Australia's  .AXJO  benchmark index,
which is down 0.4%; stock highest since March 11
        ** Whitehaven  WHC.AX , Australia's largest independent
coal miner, jumps as much as 6.3% to A$8.13
        ** New Hope Corporation  NHC.AX , up as much as 4% to
A$5.1; set for best intraday pct gain since May 20
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))