Anglo American shares fell after a coal mine fire in Australia

Gold Ten Futures, July 1, according to foreign media reports, Anglo American shares fell 3% on Monday after the mining company suspended production of its Grosvenor coking coal in Queensland, Australia, due to an underground fire that broke out over the weekend. Anglo American said on Sunday that it was responding to an underground fire at a mine in Queensland, Australia, which ignited on Saturday. "This incident may have a negative impact on the timing and execution of Anglo American's corporate restructuring plan," JPMorgan noted. Other analysts said the shutdown could delay Anglo American's sale of its coal assets and affect its valuation, as the market had expected management to be able to divest Australia's coking coal assets as soon as possible.