Business
ASX coal shares mixed as operations resume after flooding
The prices of ASX coal shares Whitehaven Coal Ltd (ASX: WHC), and Yancoal Australia Ltd (ASX: YAL) were mixed today as coal mining returned to full operations after the New South Wales floods.
At the close of trade today, shares in Whitehaven were down 1.41%, trading at $1.75, while Yancoal shares finished the day up 2.24% at $2.28.
NSW flooding subsides, mining resumes
Unprecedented flooding in NSW impacted mining operations throughout the state earlier this week.
According to the Australian Financial Review (AFR), rail lines in the Hunter were shut down, vessel movements out of the Port of Newcastle slowed, and operations were suspended at both Yancoal and Glencore PLC.
The Australian Rail Track Corporation (ARTC), which manages…
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