South32 flags $728m charge at Illawarra, quarterly met coal output drops

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

"Not a typical financing vehicle for non-revenue generating exploration companies."

Australian miner South32 Ltd beat its coking coal output guidance for fiscal 2018.

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

The government will close the mine until an investigation is complete and it gets the conclusions of international experts.

To stay productive, McKinsey warns that miners must maintain fiscal discipline.

The sentences range from 15 to 22 years in jail for high-ranked executives.

Yancoal said it will start standing down employees, and is aiming to redeploy most workers to other underground operations owned by the company.

Targeting close or ready for production.