ENQUIRE HERE
 
< Back to News Archive

 
posted on:
October
15
2012

Victorian coal success 'unlikely'

 

The Age, 04 October 2012


A report commissioned by Environment Victoria has found that despite Premier Baillieu’s wishes, Victoria is unlikely to profit from its expansive brown coal deposits.


The Department of Primary Industries has valued the deposits in Victoria’s Latrobe Valley at approximately 13 billion and the Premier has expressed a desire to use this to balance Victoria’s books.


But the report by Economists at Large state that nations like Indonesia, with lower processing and freight costs, as well as a closer geographical location to Coal-importing nations like India and China, are better placed to become exporting nations.


 Read full story here