Coal giants abandon unprofitable mines, leaving rehabilitation under threat
by Joshua Robertson from on (#125TD)
Analysts question risks after Brisbane minnow raises less than $750,000 to buy Anglo-American coalmine with a $121m to clean-up obligation
A Brisbane mining minnow that raised less than $750,000 from investors before inking a deal to buy a coalmine must now guarantee it can pay more than $120m to clean up the site upon closure.
Related: Australian coalmines are one of riskiest investments in the world - report
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