South32 walks away from coal extension

Original article by Nick Evans
The Australian – Page: 16 : 24-Aug-22

Diversified miner South32 has advised that it will not proceed with a proposed US700m ($1bn) expansion of its Dendrobium coal mine in NSW. CEO Graham Kerr says the company has decided to invest its capital in other projects, although he has not ruled out reviving the expansion plans for Dendrobium in the future. Production at the mine is slated to continue until at least 2028; the expansion would have extended its mine life to 2041, after South32 scaled back plans for a larger expansion that was rejected by the NSW Independent Planning Commission in 2021.

CORPORATES
SOUTH32 LIMITED – ASX S32, NEW SOUTH WALES. INDEPENDENT PLANNING COMMISSION

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