| China’s economic chill has sent shivers down the spine of the global resources industry. With prices of coal, iron ore and other commodities tumbling and mines shutting down, Beijing’s move to curb lower-quality imports has not helped sentiment, although many miners remain upbeat.
On Tuesday, coal miners in Australia’s resource-rich state of Queensland awoke to yet another mine closure, with Japan’s Sumitomo Corporation confirming it was placing the Isaac Plains mine near Moranbah on “care and maintenance” with plans to cease operations by January...............................................Full Article: Source
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