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Miners hit jackpot buying bargain-bin coal mines

Monday, October 3, 2016 - 05:50


BUYING bargain-bin coal mines amid the worst commodity slump in a generation has turned into a savvy bet as prices of the fuel surge.

Stanmore Coal Ltd bought the Isaac Plains metallurgical coal mine in Australia for A$1 (S$1.04) in July 2015 from Brazilian miner Vale SA and

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