AngloAmerican chief sees steady mothballing of met coal mines

By Amanda Saunders
Updated September 19 2014 - 12:14pm, first published September 18 2014 - 10:00am
The metallurgical coal market is in oversupply and AngloAmerican chief executive Mark Cutifani says, “if the price is not north of $US150, you’ve got stress right across the industry.” Picture: Bohdan Warchomij
The metallurgical coal market is in oversupply and AngloAmerican chief executive Mark Cutifani says, “if the price is not north of $US150, you’ve got stress right across the industry.” Picture: Bohdan Warchomij

Wollongong born and educated now AngloAmerican chief Mark Cutifani says he expects metallurgical coal mines will be mothballed at a rate of one every two or three weeks until enough supply has fallen out of the beleaguered sector to drive a price recovery.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Wollongong news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.