Seemed like a good deal for NHC at the time of acquiring Burton as well but with a massive rehabilitation bill and management overlooking the fact port space is an important part of running a coal mine, NHC never got the project running…
Considering the mine is 25 years old and all the “easy” coal already mined, Prep plant upgrades needed, some caution is warranted.
Hopefully BCB can get the project up and running!! Spent some time at Burton so have a bit of a soft spot for the place…