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Qld coal companies still losing money despite rising productivity

EXTENSIVE cost management programs have put the Queensland resources sector on a more competitive footing with its global competitors, but many coal companies are still operating at a loss because of infrastructure commitments, according to a Queensland Resources Council survey.

Qld coal companies still losing money despite rising productivity

QRC CEO Michael Roche said a survey of members showed reduced costs and significant productivity gains had put the majority of companies in the lowest two quartiles of the global cost curve in 2014, a...

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