We must of gotten different readings from the announcement, sure at current prices a 4mil ton per annum mine isnt necessary, but there planned 3mil ton per annum is unchanged and will be very profitable. They are just saying they basically dont need to be digging up 4mil ton pa when 3mil t will do.
It's controlling the supply/demand so prices can remain profitable.
They didn't mention anything to do with there initial mine ramp up or anything financially either. So what makes you think they are another casualty?
We must of gotten different readings from the announcement, sure...
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