Australia's Wollongong Coal shuts down last operating mine

Wollongong Coal Ltd said on Wednesday it was suspending its last operational mine after putting its Wongawilli colliery under "care and maintenance," likely increasing the financial challenges the company faces.

Wollongong made the decision to suspend Wongawilli, located in New South Wales, after officials found another "fall" on the main belt road of the mine, according to a statement to the Australian Securities Exchange.