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30 September 2014. Low international coal prices have hit another Australian mine: the Isaac Plains coal mine in Queensland, a 50-50 joint venture between Japan's Sumitomo Corp  and Brazil's Vale SA. Sumitomo said Monday two mines will suspended operations at the end of January 2015 due to the recent downturn in coal prices.

HERALD SUN

http://www.heraldsun.com.au/business/breaking-news/sumitomo-to-suspend-isaac-plains-mine

 

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