Glencore says suspends mining at Australia's Ravensworth coal mine
SYDNEY, March 27
SYDNEY, March 27 (Reuters) - Mining at Australia's Ravensworth underground coal mine has been suspended due to tough market conditions across the Australian coal sector, owner Glencore Xstrata > said on Thursday.
A Glencore spokesman said continued operations were no longer financially viable due to a combination of lower prices, high production costs, a strong Australian dollar and geological constraints in future mining areas. (Reporting by James Regan; Editing by Paul Tait)