Opened in 2016, Grosvenor has had a poor safety record. Incidents have included three roof collapses in 2016, an underground fire, electric shocks and numerous warnings from officials over methane containment.
Anglo’s five Queensland coking coal operations were expected to fetch about $US3bn ($4.5bn) in the current market, according to analyst estimates, but the latest disaster at Grosvenor is expected to put the mine out of commission for months.
CKA Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
