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Shutting Integra Coal Mine in Australia, Not Viable

Posted by May 16, 2014

Brazilian mining giant Vale said on Friday it was putting its Integra coal mining complex in Australia under care and maintenance as it is no longer economically viable under current market conditions.
 


Vale said the decision was consistent with its strategy to streamline operations and allocate capital in a more disciplined way.
 


(Reporting by Stephen Eisenhammer)

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