Silver Mines secures $20m investment from Lundin, Rule-led fund
The company's flagship project hosts the largest known undeveloped silver resource in Australia.
Metallurgical coal producer Coronado Global Resources said on Monday it had suspended operations at its only mine in Australia after a worker was killed there.
The employee who worked for Thiess, the mining services provider and unit of CIMIC Group, died in an incident at the mine on Sunday afternoon, Coronado said in a statement, without elaborating.
The miner said authorities were notified and an investigation was underway into the death at the Curragh Mine in Queensland state’s Bowen Basin.
“Operations at Curragh have been suspended until investigators permit the operations to resume,” the company said.
Coronado declined to provide further details. CIMIC did not immediately respond to a request for comment.
Thiess was given a six-year contract extension worth A$1.3 billion ($897.9 million) by Coronado for services at Curragh in September last year.
Coronado shares dropped as much as 3% following the announcement.
($1 = 1.4478 Australian dollars)
(By Nikhil Kurian Nainan; Editing by Stephen Coates)
Comments