BUZZ-Australian coal miners jump as prices surge after Indonesian miners halt exports
Reuters
Feb 04
BUZZ-Australian coal miners jump as prices surge after Indonesian miners halt exports
** Australian coal miners rise as coal prices gain nearly 5.1%** Miners in Indonesia, the world's largest exporter, halt spot coal exports over a government proposal to cut output** Yancoal AustraliaYAL.AX gains as much as 7.4% to A$6.21, posting its biggest intraday pct jump since Feb 21, 2025
** Whitehaven CoalWHC.AX rises 2.5%, Coronado Global Resources CRN.AX up 1.3%
** Broader mining-sub index .AXMM up 3.6% as metals rally resumes
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.