Glencore says suspends mining at Australia's Ravensworth coal mine

SYDNEY, March 27 Wed Mar 26, 2014 9:00pm EDT

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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)

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