{"id":273700,"date":"2019-05-10T06:32:57","date_gmt":"2019-05-10T06:32:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273700"},"modified":"2019-05-10T06:32:57","modified_gmt":"2019-05-10T06:32:57","slug":"in-a-sunset-industry-economicis-of-adanis-australian-coal-mine-questioned","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/in-a-sunset-industry-economicis-of-adanis-australian-coal-mine-questioned\/","title":{"rendered":"In a sunset industry, economicis of Adani&#8217;s Australian coal mine questioned"},"content":{"rendered":"<p>MELBOURNE\/SINGAPORE: A crash in Australian thermal coal prices is raising fresh questions about the viability of a controversial $4 billion coal mine just a week ahead of a national election in which climate change is a key issue. <\/p>\n<p>Final approval of the Carmichael coal mine in Queensland, owned by India&#8217;s AdaniNSE 1.59 % Enterprises, should come in &#8220;a matter of weeks, not months&#8221; following nearly a decade on the drawing board, the company&#8217;s mining chief executive, Lucas Dow, told Reuters last month. <\/p>\n<p>But a 40 percent slump in benchmark Australian thermal coal prices since mid-2018 to a two-year low last month, points to tight profit margins and questions as to whether the economics will support the launch of the mine as soon as next year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE\/SINGAPORE: A crash in Australian thermal coal prices is raising fresh questions about the viability of a controversial $4 billion coal mine just a week ahead of a national election in which climate change is a key issue. Final approval of the Carmichael coal mine in Queensland, owned by India&#8217;s AdaniNSE 1.59 % Enterprises, should come in &#8220;a matter of weeks, not months&#8221; following nearly a decade on the drawing board, the company&#8217;s mining chief executive, Lucas Dow, told Reuters last month. But a 40 percent slump in benchmark Australian thermal coal prices since mid-2018 to a two-year low last [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-273700","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273700"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273700\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}