When the COAL boom is over

Social, legal and health issues related to unrestrained expansion of coal mines in Australia.

When the COAL boom is over

Postby HVPA_research » Sun May 26, 2013 11:32 pm

Link to this page: http://forum.huntervalleyprotectionalliance.com/viewtopic.php?f=3&t=638
Link to HVPA Twitter page: https://twitter.com/HVPA_NoCSG/status/338649529329004544

*Archived from HVPA Facebook page *


The Australian Coal Association has just published a report suggesting that more than half the coal now being exported through Newcastle may be being sold for less than it costs to produce and ship.

Mining companies are using the report to attempt to persuade parliamentarians to remove taxes and slash regulation.

To the extent that the carbon tax and the Minerals Resource Rent Tax have any meaningful effect on the cost of producing coal, the industry will obviously find a ready ear in the federal Coalition.

Others, however, might marvel at how sharply the cost of coal production has apparently risen over the past several years, bringing the industry to the point where it says it is barely in the black with thermal coal still over $US85 a tonne.

SO, if the Hunter coal mines can no longer export coal profitably, why they keep expanding into new areas? Why Newcastle needs new coal terminal? Why we are building new railway lines for coal export. Why Rio Tinto Warkworth Mine wants to mine Saddle Hill when it was not profitable ten years ago when the coal prices were lower? Has this something to do with trying to flog the Hunter mines to the Indians (http://forum.huntervalleyprotectionalliance.com/viewtopic.php?f=10&t=633)?

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