Australian coal producers — in particular the billionaire miners Gina Rinehart and Clive Palmer — face another major roadblock to their dreams of digging up the Galilee Basin and other coal - rich resources: The likely new prime minister of India is not a big fan of coal.
Australian coal producers are only marginally more attractive without the $ 24 - a-tonne carbon tax they used to pay.
You can buy U.S. - listed Chinese companies, and there are
Australian coal producers, but the factors that affect prices in those countries are different from the fundamentals here.
Not exact matches
Chinese electricity demand is to
Australian coal miners, what the American motorist is to Canadian oil
producers.
By: Esmarie Swanepoel 26th April 2018
Australian oil and gas
producer Woodside has signed a memorandum of understanding (MoU) with multinational Perdaman to supply gas to the proposed $ 3.5 - billion
coal - to - urea plant being developed on the Burrup Peninsula.
Platts» editor Mike Cooper considers the reasons contributing to
coal producers» declining profit margins, and the possibility for arbitrage of
Australian coal to India.