21
Jan
12:19
South32 shelves Eagle Downs project
South32 plans to withdraw from the Eagle Downs coking coal project in Australia because the project's feasibility study results did not meet the company's financial expectations, Kallanish notes.
“The expected returns do not currently support the allocation of capital in accordance with our capital management framework," South32 states.
Prior work undertaken has indicated that the project has the potential to export 4.5 million tonnes/year …
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Anonymous
Very good overview of the weekly steel market.
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