UK-South African mining firm Anglo American has restarted its 6.5mn t/yr Moranbah North coking coal mine in Queensland, Australia, four months after a seam collapse forced its closure.

The UK economy suffered its biggest monthly contraction on record in April, with the country's GDP shrinking by a fifth during the first full month of its Covid-19 lockdown.

US coking coal mining firms were put in a position of running up high inventories at the start of the third quarter.

The Queensland government will fast track approvals for Switzerland-based mining firm Glencore's A$1.5mn ($1bn) Valeria thermal and coking coal mine, as it seeks to boost the state's economy in the wake of the Covid-19 pandemic.

Iron ore concentrate floating prices were flat this week as buyers remain price sensitive on high-grade ores following gains in the underlying 65pc fines index.

UK-Australian resources firm BHP is altering its 80mn t/yr South Flank iron ore project in the Pilbara region of Western Australia (WA) after a pledge not to destroy heritage sites in the mining area.

Vehicle sales in China increased by 14.5pc in May from a year earlier, in only the second year-on-year increase since June 2018.

The Indonesian government has raised its 2020 thermal coal export target and says it expects to meet its annual production goal this year, although the sector will still decline on the year as a result of weakening global demand driven by the coronavirus pande...