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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…

This content is for iQ Industry Queensland, iQ Coal, iQ Civil, iQ Geo, iQ Mining North, iQ Miner’s Life, iQ Rockhampton, iQ Coal and Mining North, iQ Coal and iQ Geo, iQ Civil and iQ Coal, iQ Civil and Mining North, and iQ Civil and iQ Geo members only.
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