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Jan 21, 2021

South32 turns its back on Eagle Downs coal project

South32 turns its back on Eagle Downs coal project

South32 has decided against going ahead with further development of the Eagle Downs metallurgical coal project near Moranbah. The announcement follows completion of a feasibility study on the project last quarter. “While the study indicated the potential for a long-life operation, the expected returns do not currently support the allocation of capital in accordance with…

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