Written By: notices and features - Date published: 3:35 pm, February 17th, 2014 - 22 comments
Coal Action Network Aotearoa has this characteristic story of the problems with the cost structure of opportunistic mining in NZ. The current world price of the coal found on the Denniston Plateau has sunk considerably below Bathurst Resources’ stated break-even price and shows no signs of rising. What is the bet that NZ is going to wind up with another unwanted hole in the ground as a shell company gets folded up?
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