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Australian mine closure assessment 2014

11 June 2014

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11 June 2014

Australian mine closure assessment 2014

Report summary

Australia's coal sector is battling through one of the most challenging periods in recent history, with lower prices weighing on margins and resulting in some operating mines closing. A number of mines continue to operate at negative margins, and a smaller number are not covering their variable costs - a key criterion in deciding whether to cease production in the short-run, and move to care and maintenance.

Executive Summary
- Reported mine closures and announced/planned closures
- Risk of closure
  - Price minus variable cost (adjusted) vs. operating margin (2014) (includes an additional 10% fixed costs)

Tables and charts

This report includes 5 images and tables including:

Australian mine closure assessment 2014: Table 1
Price minus variable cost vs. operating margin (2014)
Price minus variable cost (2014) vs. remaining PV
Australian mine closure assessment 2014: Image 3
Price minus variable cost by major company (ranked by number of operating mines)