MARKETS

Roman put on backburner

UK-HEADQUARTERED Anglo American says it is "committed" to Peace River in British Columbia in Cana...

Anthony Barich
Roman put on backburner

“Anglo American remains committed to Peace River over the long term and the development of its new Roman mine and will complete all preparation works for Roman prior to the care and maintenance period,” the company said.

Anglo American Coal CEO Seamus French said significant reductions in operating costs and reduced mining activity had failed to offset the impact of a weakening metallurgical coal price.

“As a result, we have been forced to take further action in response to the weak market conditions, so that we can preserve the long-term future of the operations,” he said.

"We will ensure that the operations can be restarted as quickly, efficiently and safely as possible when the market improves.

“Our immediate priorities are to provide the support to our employees that they need at this difficult time and to stay focused on a safe transition to care and maintenance by year-end.

"Anglo American sees significant long-term growth potential in the northeast of British Columbia and Peace River remains an attractive asset within our coal portfolio."

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets