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The cost of the environmental legacy of coal mines

Joshua Robertson resports in The Guardian (29.1.16) on the potential cost to small investors when big mining companies abandon unprofitable mines.

‘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. Batchfire Resources’ agreement to buy a central Queensland mine from Anglo American highlights a growing shift by global coal giants away from less-profitable mines, leaving the fate of expensive environmental rehabilitation in the hands of companies with far fewer resources.’

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