Australian coalmining is entering structural decline, reports says

Demand from India and China predicted to falter due to higher uptake of renewables and make huge projects commercially unattractive

Coalmining in Australia is entering a structural decline, with projects set to become unviable due to unrealistic expectations over the potential to export the fossil fuels to China and India, according to a new report.

The study, by the US-based Institute for Energy Economics and Financial Analysis, suggests that two huge coalmining projects in central Queensland, backed by Indian cash, are likely to prove uncommercial due to unfavourable market conditions.

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