Jindal Steel and Power writes $124 million of the value of its Wollongong coal mines

By Ben Langford
Updated September 17 2016 - 3:27pm, first published September 16 2016 - 2:00pm
Blue sky mine: JPSL has told investors the Wollongong Coal writedowns could be reversed if coal prices improve.
Blue sky mine: JPSL has told investors the Wollongong Coal writedowns could be reversed if coal prices improve.

Wollongong Coal’s parent company has taken the red pen to its Australian assets, writing down their value by $124 million.

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