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Are you talking about profitable RIO mines? Then there is an argument to be had about how those profits are split between shareholders, workers (incl managers),
by mikhailfranco 3y ago
Are you talking about profitable RIO mines? Then there is an argument to be had about how those profits are split between shareholders, workers (incl managers), and the national gov in royalties. Off-topic and this margin too small ... etc.
But that was not the case in the British coal industry in the 1980s. Only a handful of marginal mines survived into the 2000s. The last coal-fired power stations will close this year.
No profits, no discussion (except the offer I mentioned above, which is the only true test of whether it is really profitable, on a risk-adjusted basis, judged by those with the most information).
- mistrial9 3y agomaybe the particular case you state is accurate - no idea here. But a summary report after the COP 28 event in December stated clearly that there will be no policy action to stop coal extraction and use. It is my understanding that very large "modern" economies in various parts of the world are absolutely continuing. Profit and loss can be gamed. Old generals always fight the previous wars.