Business

Carmichael mine project could be a big loser - expert

AUSTRALIA Institute executive director Dr Richard Deniss says conventional economics show the Carmichael mine project could lose money.

He said there had been no cost benefit analysis completed to see if Queensland will actually benefit from the mine, and what it could cost the community in tax breaks and subsidies.

"The government is effectively flying blind on the economics of the Carmichael project," he said.

"Analysis by the Institute for Energy Economics and Finance says it will cost $84 to get each tonne of Carmichael coal on to a boat.

"Coal of the quality Carmichael will produce is currently worth only $60 per tonne.

"At current prices, Carmichael will lose money with every tonne. A mine that is losing money won't provide benefits to Queensland, won't clean up after itself and won't provide jobs."

Topics:  adani carmichael coal mine mining



Rocky police reveal public spot where huge cannabis crop found

A crop of 142 cannabis plants was found on the banks of the Fitzroy River, south of Norbridge Park.

Passers-by stumbled across bumper drug crop

REVEALED: $800M CQ development to create 350 jobs

Lacour Energy is undertaking a feasibility study into the project.

Lacour Energy has embarked on a feasibility study

Rocky hockey's rising star ready for rep duties in NZ

ON TOUR: Jaedon Evans, pictured playing for Wanderers A-grade men in the Rockhampton competition, is gearing up to represent the Queensland under-19 schoolboys side in New Zealand.

"It's going to be awesome and a great experience all-round.”

Local Partners