Hume Coal

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


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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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A Money-Losing Venture Down Under

Peter Hannam for the Sydney Morning Herald: A new coal mine planned for the NSW Southern Highlands would lose money on every tonne produced and clock up a net cost to the owner of more than half a billion dollars, two new reports say. Hume Coal, owned by Korean steel giant POSCO, wants to develop […]

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