Author Archive: Tim Buckley

Director of Energy Finance Studies, Australasia, Tim Buckley has 25 years of financial markets experience, specializing in equity valuation, including as a top-rated analyst and as co-founder and managing director of Arkx Investment Management.


IEEFA Australia: World’s Biggest Open-Cut Coal Proposal is Smaller Now, Less Ambitious, Still Unbankable


IEEFA Australia: World’s Biggest Open-Cut Coal Proposal is Smaller Now, Less Ambitious, Still Unbankable


Adani’s Fading Dream of a Vast New Mine in Queensland

Even after news this week that it is being downsized enormously—and delayed once again—Adani’s plan to build the biggest open-cut mine in the world remains wholly unbankable. The project, envisioned in 2010 as a $16 behemoth that would produce 60 million tonnes a year, is now being pitched by Adana as a $4 billion, 25 […]

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IEEFA Update: Coming Soon to a Grid Near You, Cost-Competitive Solar

IEEFA Update: Coming Soon to a Grid Near You, Cost-Competitive Solar

Investment in Sun-Powered Electricity Has Gone Mainstream Around the World

The US$24.20/MWh tender for 350 megawatts of solar in the Middle East shows the price of solar dropping by 20 percent from US$30/MWh in five months and down now two-thirds from the US$58/MWh tender awarded just 20 months ago. (Here’s the story that appeared in The National, the government-owned news organization in Abu Dhabi, and […]

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IEEFA Asia: Higher Coal Prices, But Not Because of Demand in China and India 


A Bump That Will Not Last


The price of thermal coal—that used for power generation—has hit a new 2016 high this week of US$69/t, with spot coking coal reported to have doubled, to US$150/t. As to coking coal, the Australian Financial Review today warned that the spot market is very thinly traded and that the few trades around US$150 represent participants […]

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IEEFA Asia: In Shenhua Data, Evidence of a Changing Economy in China



Rapid Diversification Away From Coal


We’ve just posted a research memo detailing the latest information out of China Shenhua Energy Company, encompassing a trove of data that provides key information on the Chinese coal and electricity sectors—and on expectations looking forward. What the Shenhua snapshot tells us, in summary, is that the Chinese electricity sector is rapidly diversifying away from […]

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IEEFA Australia: Adani’s Carmichael Coal Project Remains Unbankable


The Market Math Does Not Add Up


All indications are that Adani’s long-persistent plans for its vast Carmichael coal-mine proposal in northern Australian remain unbankable. Here’s some tell-tale math: IEEFA estimates the cash cost of Carmichael product coal at A$33/t (A$27/t ROM coal with an 80% yield) plus $6/t for port, $10-15/t for rail ($10 if Adani owns the railway, $15/t if […]

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IEEFA Australia: The POSCO Hume Coal Project Has Little Chance of Proceeding



IEEFA Australia: The POSCO Hume Coal Project Has Little Chance of Proceeding



Proposed Mine Would Be a Money-Loser and Would Generate No Tax Revenues

We’ve published a report today that shows how a new coal mine proposed for the Southern Highlands of New South Wales is financially unviable and unlikely to proceed. Our research shows that the developer, Hume Coal, which is owned by the Korean steelmaker POSCO, cannot make a sound business case for the mine. IEEFA concludes […]

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IEEFA Asia: In Sign of Continuing Shift, China Coal Production Down 9.7% in First Half of 2016 


IEEFA Asia: In Sign of Continuing Shift, China Coal Production Down 9.7% in First Half of 2016 


An Increase in Imports From January Through May Prove Ephemeral


China’s just-released first-half-of-2016 economic data includes two coal figures of note: Domestic coal production is down 9.7% year over year n the six months to June 2016; and Coal imports are reported to be  up 8.2% year over year in the six months to June 2016. Measures to curtail overproduction and excess coal mining capacity […]

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A Canadian Province Moves Aggressively Toward Development of a New Energy Economy

The Government of Alberta Embraces Renewables, Efficiency, a Carbon Tax, and a Plan to Systematically Close Coal-Fired Power Plants

Jason Chee-Alloy, an energy market analyst with PowerAdvisory LLC in Toronto, is out with a valuable overview of Alberta’s plan to transform its electricity grid to zero coal consumption by 2030. Chee-Alloy, in a presentation to UBS clients, has highlighted the simplicity and cost-effectiveness of the plan, which boils down to four points: Add renewables […]

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IEEFA India: How $1 Billion in World Bank Lending Is Helping Drive a Solar Boom


IEEFA India: How $1 Billion in World Bank Lending Is Helping Drive a Solar Boom


A Continuation of the Acceleration of Capital Flows

This US$1 billion is reported to be the largest single solar investment by the World Bank globally to-date, and it is a major endorsement and international support of the Indian solar initiative. It should be seen as another step in the right direction, a continuation of the acceleration of capital flows into Indian solar. India […]

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IEEFA Global: The IEA Acknowledges the Public-Health Costs of Coal-Fired Electricity, but Still Comes Up Short


An Agency Struggling to Appreciate How Fast the New Energy Economy Is Evolving


The International Energy Agency today published a report that’s been a long time coming in its acknowledgement of explicit public-health risks in pursuing outdated energy-development policies. Here’s the headline on the agency’s very own press release this morning: “Small Increase in Energy Investment Could Cut Premature Deaths From Air Pollution in Half by 2040, Says […]

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