According to media reports, Anglo American Resources Group's stock fell 3% on Monday after the mining company suspended production at its Grovena coking coal mine in Queensland, Australia, following an underground fire over the weekend.

Anglo American Resources said on Sunday that it is responding to an underground fire in a mine in Queensland, Australia, which ignited on Saturday.

JPMorgan pointed out, "This incident may have a negative impact on the timing and execution of Anglo American Resources Group's corporate restructuring plan." Other analysts said that the shutdown may delay Anglo American Resources Group's sale of its coal assets, and affect its valuation because the market had originally expected the management to quickly divest of its coking coal assets in Australia.

Shanxi Securities research report pointed out that overall, due to strict normalisation of safety supervision and the fact that there is still room for steady economic policies, there is still marginal improvement expected in policies related to real estate, infrastructure and other aspects, demand for coal is relatively rigid, and it is difficult for the coal supply and demand relationship to further ease in 2024. With the arrival of the peak summer season, it is expected that there will be limited room for further decline in domestic coal prices.

Guotai Junan released a research report stating that the reshaping of the valuation of the coal sector is underway. This not only reflects the profound changes in supply and demand in the coal industry, the gradual "publicization" of the industry, but also reflects the fact that in the context of asset shortages, high dividend assets with a downward trend in risk-free returns are more favored by the market.

Companies in the coal sector include:

Yancoal Aus (03668), Mongol Mining (00975), China Shenhua Energy (01088), Shougang Res (00639), Yankuang Energy (01171), Southgobi (01878), China Coal Energy (01898), China Qinfa (00866) and others.