Upper Hunter coal – economics or ideology?
New research from the Australia Institute suggests that the prospects for coal mining in the Upper Hunter are less positive than some of the bye election candidates are claiming.
Basic economics dictates that a dramatic increase in production, at a time when world demand is falling, will lower prices and threaten existing mining jobs.
“The only thing that approving 11 new coal mines in the Hunter will certainly deliver is uncertainty for the rest of the community.” Richard Denniss – The Australia Institute
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