But no, with the coal industry losing 60% of it's value in the last two years, Abbott wants to dig up the Reef to mine more coal. Imagine running a company like that? The shareholders would string you up.
Collectively, these companies were worth $15 billion in January 2012 but as of September 2014 were a shadow of their former selves, losing over 60% of their collective worth to be now valued at $5.9 billion.
Even the big, diversified miners have struggled. While the ASX 200 has grown 40% since January 2012, both BHP and Rio have underperformed the market, only briefly poking their share prices into relatively positive territory. more
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