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South32 (ASX:S32) share price rises amid coal mine decision appeal


South32 (ASX:S32) share price rises amid coal mine decision appeal
Marc Sidarous | May 7, 2021 4:13pm |
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South32 Ltd (ASX: S32) share price edged higher today. The company was in focus after news filtered through it has lodged an appeal against the New South Wales Independent Planning Commission (IPC) over its decision to block an extension of South 32’s Dendrobium coal mine.
By the market’s close, shares in the metals and mining company were trading at $2.99 – up 0.34%. Similarly , the
Let’s take a closer look at today’s developments.
Case background
Back in February, the IPC blocked a decision by the state Department of Planning to approve South32’s $956 million plan to extend the life of the Dendrobium coal mine to 2048 and extract an additional 78 million tonnes of coal from the site. ....

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