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Anglo turns a coal loss into a US$1.4B profit in one year

ANGLO American has turned around a half yearly US$94 million loss from its steelmaking coal division to a $1.4 billion profit in the six months to June 2022 despite weather and safety setbacks at its operations in Queensland.

Lou Caruana
Anglo American's Moranbah North mine in Queensland.

Anglo American's Moranbah North mine in Queensland.

The planned end of mining at the Grasstree operation and ramp-up of the replacement Aquila longwall contributed to lower production volumes of steelmaking coal during the half year. Production for the...

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