Last coal train marks end of 250 years of Saarland mining

Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.

The cautious outlook comes as global exploration budgets for nonferrous metals declined by 3% in 2024 to $12.5 billion from $12.9 billion last year, with juniors bearing the brunt of the cuts.

The final bidders are down to Yancoal Australia, Stanmore Resources and Peabody Energy.

Sale of 4% of reserves could generate $9.52 billion.