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Aug 23 (Reuters) - Global miner South32 Ltd said on Tuesday it would not proceed with a $700 million upfront investment to extend its Dendrobium metallurgical coal mine in New South Wales, citing scant potential returns.
The decision comes more than a year after an Australian planning body blocked the company's planned extension of the mine, located in the Illawarra region, due to concerns over its potential irreversible impact on Sydney's water resources. (https://r...
>>> Read more: UPDATE 1-Australia's South32 nixes $700 mln investment to extend NSW met coal mine
Aug 23 (Reuters) - Global miner South32 Ltd said on Tuesday it would not proceed with a $700 million upfront investment to extend its Dendrobium metallurgical coal mine in New South Wales, citing scant potential returns.
The decision comes more than a year after an Australian planning body blocked the company's planned extension of the mine, located in the Illawarra region, due to concerns over its potential irreversible impact on Sydney's water resources. (https://r...
>>> Read more: UPDATE 1-Australia's South32 nixes $700 mln investment to extend NSW met coal mine
