Coal news and updates

Anglo American Restarts Grosvenor Coal Mine

Anglo American PLC said Monday that it has restarted operations at its Grosvenor metallurgical coal mine in Queensland, Australia.

Last week the FTSE 100 mining group received confirmation that operations could restart following a gas incident in May 2020.

Anglo American added that its 2022 metallurgical coal production guidance is now expected toward the lower end of the 20 million-22 million metric tons range. Unit cost guidance has been raised to $85 a ton from the previous $80.

"Over the past 18 months, we have worked with leading industry experts and invested significantly in automation technology, remote operations, gas management and data analytics, introducing a number of advancements in the way underground coal mines can operate," Tyler Mitchelson, CEO of Anglo American's metallurgical coal business, said.