In what is certainly very positive news for WHC's prospects, Anglo's Qld. Grosvenor mine shutdown is likely to last for many years (possibly 6 years?- see North Goonyella repairs, in link below); & cost up to c .$1billion to rectify.
(ie if Grosvenor, together with its expected 5mt pa met coal production, will ever open again?).
Sh.are.cafe.com G. Dyer 6.8.24 said
"There are five mines owned by Anglo, but one – the Grosvenor underground operation – is out of commission after a fire on June 29th. Anglo has indicated that the Grosvenor mine will likely not be sold with the others, reducing the overall cost and tonnage (around 5 million tonnes per year).
Bringing the Grosvenor mine back online could cost upwards of a billion dollars, similar to the situation with Peabody's nearby North Goonyella underground mine fire in 2018 . North Goonyella isn't expected to be fully operational until 2026, with full production not expected until then. The total cost for North Goonyella could exceed $2 billion when considering the millions of tonnes of lost coal sales over six years added to the estimated $800 million plus (all emphases, mine) rebuild cost.
Glencore's coal gamble - *********
(Type in "sh.are.cafe Glencore's coal gamble", to fully open the link)
In what is certainly very positive news for WHC's prospects,...
-
- There are more pages in this discussion • 612 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.01 |
Change
0.250(4.34%) |
Mkt cap ! $5.027B | |||
| Open | High | Low | Value | Volume |
| $6.01 | $6.05 | $5.90 | $73.47M | 12.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 28367 | $6.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.03 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| WHC (ASX) Chart |