I think that there is only a 2 year window with Coking coal prices being this high, So you may be right they are buying a mine that may barely profitably produce. All the mines on care and maintenance will come back into the market. If you are a producer you want to be in the bottom quartile in terms of costs (at least bottom half). Saying that they are not paying a lot for the mine.
Ann: Trading Halt, page-13
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