Mining is back QLD! 16.5 billion dollar project approved!

Discussion in 'Property Market Economics' started by big max, 6th Jun, 2017.

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  1. hammer

    hammer Well-Known Member

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    Would the Carmichael coal make the price lower due to increased supply?
     
    hammer, 7th Jun, 2017
    #41
  2. Drgonzo

    Drgonzo Well-Known Member

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    This will never happen
    - tyre kickers.
     
    Drgonzo, 7th Jun, 2017
    #42
  3. Phase2

    Phase2 Well-Known Member

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    Global consumption is about 9billion tons / year, of which, China consumes nearly half. Consumption rates are still growing in spite of renewables ramping up.

    This project's maximum forecast production rate is 60million tons / year, so probably not much impact on price.
     
    Phase2, 7th Jun, 2017
    #43
    hammer likes this.
  4. Kangabanga

    Kangabanga Well-Known Member

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    Well ok its a bit like WTI and Brent Crude oil prices then...

    But still, Aussie coal price last year May 2016 ->55.16, Jun 2016 -> USD$56.97 and not a "floor of $85/t YTD" as you claimed.(if your YTD means year to date)

    In fact, it has been trending down below $70/t from OCt 2014 onwards till the rebound around July 2016 when China did their infrastructure stimulus and started shutting their coal mines with the 276 working day/year policy, which was reversed end of last year IIRC.
    Coal, Australian thermal coal - Monthly Price - Commodity Prices - Price Charts, Data, and News - IndexMundi
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    Adani plans to export low quality, high ash coal to India, court told
    [A report to the court made on its behalf said the Carmichael mine would produce "two coal products".

    "Product one, a low ash/moderate energy product most suitable for Asian premium markets," the report said.
    So the coal bound for India could be a fairly low-grade product.

    Mr Canavan said while it might not be the highest quality coal in Australia, "it's still much much higher than the coal quality in India".

    When asked about whether he was aware of the plan to produce two different coal quality products, Mr Canavan said "different coal companies create different products for different circumstances".

    "There is also the opportunity to blend and then officiate that coal at the other end. That's a commercial decision for themselves," he said.]
     
    Last edited: 7th Jun, 2017
    Kangabanga, 7th Jun, 2017
    #44
  5. Ted Varrick

    Ted Varrick Well-Known Member

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    Ted Varrick, 7th Jun, 2017
    #45
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  6. Kangabanga

    Kangabanga Well-Known Member

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    Last edited: 9th Jun, 2017
    Kangabanga, 9th Jun, 2017
    #46
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  7. Dylan33

    Dylan33 Well-Known Member

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    Dylan33, 9th Jun, 2017
    #47
  8. Stoper

    Stoper Member

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    Not sure whats actually going to happen, best case scenario for this kid is, Adani gets full approval, gets funded, Adani announces Townsville is the FIFO hub and in a few years, this along with the stadium and a few other infrastructure projects actually start giving me a bit of capital growth. Starting to feel a bit like the desperate salesman in the Simpsons "Old Gill needs this one" :)
     
    Stoper, 5th Jul, 2017
    #48
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  9. Redwing

    Redwing Well-Known Member

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    Redwing, 26th Jan, 2023
    #49
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  10. Mr Burns

    Mr Burns Well-Known Member

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    Why are people on here happy that this is going through? Doesn’t create that many jobs, it destroys the environment and impacts tourism more.

    Adani is known to be corrupt.
     
    Mr Burns, 27th Jan, 2023
    #50
    JL1, Antoni0 and spludgey like this.
  11. spludgey

    spludgey Well-Known Member

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    Humans are inherently selfish, unfortunately.
     
    spludgey, 27th Jan, 2023
    #51
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  12. KJA182

    KJA182 Well-Known Member

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    Amazing how many people were so sure yet so wrong on this thread
     
    KJA182, 28th Jan, 2023
    #52
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  13. Redwing

    Redwing Well-Known Member

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    Delisting of Adani from US market index: Finance Minister's response on LIC investment
     
    Redwing, 4th Feb, 2023
    #53
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