The Daunia and Blackwater coking coal mines are on the market as the nation’s biggest company continues its pivot toward the metals needed for decarbonisation
to change 54-year-old legislation governing the ownership of the mines to make it easier to sell them.
“We are seeking to divest these assets to an operator who is more likely to prioritise the necessary investments for continued successful operation.” High coal prices offered support, but coal profit margins were restrained by surging unit costs and weaker-than-expected coal export volumes on the back of wet weather and labour shortages.
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