Aussie dollar climbing… is the iron ore trade back on?
Simandou, one of the world’s most significant iron ore developments, is set to challenge the Pilbara’s dominance soon.
Coronado Global Resources Inc said on Wednesday it planned to gradually recommence operations suspended at its Queensland-based Curragh Mine following the death of an employee on Sunday.
Operations at the mine were temporarily suspended to allow for investigation by various authorities at its Curragh Mine Complex.
The metallurgical coal producer said its operations at the mine would restart over the coming days in a phased manner but drag line operations would remain suspended.
The stock rose as much as 4.4% on Wednesday.
It added that while the Queensland police were no longer at the site, the Resources Safety & Health Queensland (RSHQ) inspectors had given the company directives to isolate the accident site and suspend all dragline operations until all safety norms are satisfied.
The RSHQ inspectors are continuing the investigation of the incident, Coronado said.
(By Savyata Mishra; Editing by Rashmi Aich)
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