Vale says shutting Integra coal mine in Australia, not viable
RIO DE JANEIRO May 16 (Reuters) - Brazilian mining giant Vale said on Friday it was putting its Integra coal mining complex in Australia under care and maintenance as it is no longer economically viable under current market conditions.
Vale said the decision was consistent with its strategy to streamline operations and allocate capital in a more disciplined way.
(Reporting by Stephen Eisenhammer)
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