{"id":516280,"date":"2022-08-23T16:44:57","date_gmt":"2022-08-23T11:14:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516280"},"modified":"2022-08-23T16:44:57","modified_gmt":"2022-08-23T11:14:57","slug":"australias-south32-nixes-700-mln-investment-to-extend-nsw-met-coal-mine","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/australias-south32-nixes-700-mln-investment-to-extend-nsw-met-coal-mine\/","title":{"rendered":"Australia&#8217;s South32 nixes $700 mln investment to extend NSW met coal mine"},"content":{"rendered":"<p>Global miner South32 Ltd said on Tuesday it would not proceed with a $700 million upfront investment to extend its Dendrobium metallurgical coal mine in New South Wales, citing scant potential returns.<\/p>\n<p>The decision comes more than a year after an Australian planning body blocked the company&#8217;s planned extension of the mine, located in the Illawarra region, due to concerns over its potential irreversible impact on Sydney&#8217;s water resources.<\/p>\n<p>&#8220;While our work on the project demonstrated the potential to meaningfully extend the life of the Dendrobium mine, expected returns &#8230; are not sufficient to support an investment relative to alternatives considered for the complex,&#8221; South32 said in a statement.<\/p>\n<p>The company said it would continue to optimise the Dendrobium mine and the broader Illawarra metallurgical coal complex, including the transition of its Appin mine to a single longwall from fiscal 2025.<\/p>\n<p>Longwall configuration is a form of underground mining where a long wall of coal is mined in a single slice.<\/p>\n<p>Investments at Appin include planned work worth $260 million to install additional ventilation capacity to enable mining in its Area 7 section until at least 2039, South32 added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global miner South32 Ltd said on Tuesday it would not proceed with a $700 million upfront investment to extend its Dendrobium metallurgical coal mine in New South Wales, citing scant potential returns. The decision comes more than a year after an Australian planning body blocked the company&#8217;s planned extension of the mine, located in the Illawarra region, due to concerns over its potential irreversible impact on Sydney&#8217;s water resources. &#8220;While our work on the project demonstrated the potential to meaningfully extend the life of the Dendrobium mine, expected returns &#8230; are not sufficient to support an investment relative to alternatives [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131],"tags":[],"class_list":["post-516280","post","type-post","status-publish","format-standard","hentry","category-coal"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=516280"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516280\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}