Seaborne coking coal prices fell on Wednesday January 2 after market participants returned to news of the suspension of operations at the Saraji coking coal mine in Queensland, Australia.
The mine, operated by the BHP Mitsubishi Alliance (BMA), produced 1.1 million tonnes of coking coal in the July-September period. BMA produced a total of 7.7 million tonnes of the steelmaking raw material during the quarter."Operations at the Saraji mine have been suspended until further notice," BHP said on Tuesday. There was no update on when the suspension - made following a fatal accident on New Year's Eve - at Saraji would be lifted at the time of writing. Meanwhile, trading activity in the...