We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Sunk costs

14 June 2019 By Clara Ferreira Marques

The Indian group has a green light to start digging at Australia’s $1.5 bln Carmichael mine, after years of opposition. Yet prices for power station fuel are soft, and the market is oversupplied. Its billionaire owner will feel vindicated, but it’s hard to see how he makes money.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)