Many operating mines are money losers but it is cheaper to keep running than to properly close them.
Sometimes you will hear of a mine shifting to, "care and maintenance," where operations stop but a skeleton crew continues security, maintenance, and activity to mitigate environmental hazards.
Many operating mines are money losers but it is cheaper to keep running than to properly close them.
Sometimes you will hear of a mine shifting to, "care and maintenance," where operations stop but a skeleton crew continues security, maintenance, and activity to mitigate environmental hazards.
With coal up to $300 a ton, marginal mines can make a profit.
With coal up to $300 a ton, marginal mines can make a profit.
Historically speaking. Of course when commodities are high mining inputs are also high (diesel...), so they frequently don't make a killing when you think they would. Good sales prices definitely help keep the lights on, though.
Historically speaking. Of course when commodities are high mining inputs are also high (diesel...), so they frequently don't make a killing when you think they would. Good sales prices definitely help keep the lights on, though.
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