So Bathurst is going to be a cheap producer of coking coal?
I beg to differ.
I think the party is over, change is coming. Whether its iron ore, coal or coking coal.
Unfortunately the greens won again. This mine should have been pumping years ago.
http://www.businessspectator.com.au/...ters-Australia
Of more immediate concern, however, is the excess capacity resulting from past investment. This points to softer demand for iron ore and coking coal and may result in commodity prices falling even further. This presents a near-term risk for the Australian economy, not just in the broadest sense but with regards to individual iron ore producers.