Australian Coal Miners See Stocks Rally on Mine Explosion

Australian coal miners are seeing their stocks rally following an explosion at a coal mine operated by Anglo American that shut down operations temporarily. According to Morgan Stanley, the stocks have higher to go, too, Bloomberg reported, noting that the mine is one of the biggest metallurgical coal sites in Australia. Anglo reported a fire at the Grosvenor mine in Queensland earlier this week, saying it had shut down the site, suggesting it could remain shut for several months while the company ensured re-entry into the site was safe. The…