Target $18.72, page-9375

Grosvenor closed - Shift Miner1. In my post directly above- point 1, my sentence should have, obviously, been "A long time closure of Grosvenor" (not WHC!).


2. More very gloomy prognostications about the possible long term, or permanent, closure, of Anglo's Grosvenor met mine.

shiftworker.com 30.6.24 said

"A similar fire situation at Peabody's nearby North Goonyella mine in 2018 resulted in th permanent closure of that mine. Like Peabody, Anglo's extinguishment plan includes using a mobile GAG unit to inject high-moisture inert gases into the mine and sending remote-controlled equipment underground to pump in a fire-resistant expandable product called Rocsil to seal the mine.

Not including the long term production losses, the overall costs of sealing the mine with valuable machinery still underground cost Peabody more than $50 million (in US$?, not sure, my words).

However, with Anglo announcing its plans to sell all its coal mines a month ago, the fire will have enormous implications (all emphases, mine) implications for that sale process.

Grosvenor closed - Shift Miner