Hume Coal

IEEFA Research

IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

New Coal Mine Makes Even Less Sense than It Did Last Year; Hume Will Find it Hard to Compete with Higher-Quality Coking Coal

Despite the significant increase in coking coal prices that began in late 2016, the proposed Hume Coal project in the Southern Highlands of New South Wales seems no more likely to proceed now than it did when IEEFA reviewed it ten months ago. Hume Coal, a subsidiary of South Korea’s largest steel maker POSCO, has […]

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IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

New Coal Mine Makes Even Less Sense than It Did Last Year; Hume Will Find it Hard to Compete with Higher-Quality Coking Coal

Despite the significant increase in coking coal prices that began in late 2016, the proposed Hume Coal project in the Southern Highlands of New South Wales seems no more likely to proceed now than it did when IEEFA reviewed it ten months ago. Hume Coal, a subsidiary of South Korea’s largest steel maker POSCO, has […]

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 […]

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 […]

August 11, 2016 Read More →