Fall in Australian coal prices raises concerns about economics of Adani’s proposed Carmichael mine

first_imgFall in Australian coal prices raises concerns about economics of Adani’s proposed Carmichael mine FacebookTwitterLinkedInEmailPrint分享Reuters:A crash in Australian thermal coal prices is raising fresh questions about the viability of a controversial $4 billion coal mine just a week ahead of a national election in which climate change is a key issue.Final approval of the Carmichael coal mine in Queensland, owned by India’s Adani Enterprises, should come in “a matter of weeks, not months” following nearly a decade on the drawing board, the company’s mining chief executive, Lucas Dow, told Reuters last month.But a 40 percent slump in benchmark Australian thermal coal prices since mid-2018 to a two-year low last month, points to tight profit margins and questions as to whether the economics will support the launch of the mine as soon as next year.Adani has said it is aiming to start producing 10 million tonnes a year of coal from March 2020, but analysts say the target date is optimistic.“I think a lot of people are doubting as to whether it will see the light of day,” said Wood Mackenzie analyst Victor Tanevski in Sydney. Tanevski suggests benchmark Newcastle 6,000 grade coal would need to be close to $100 a tonne for the mine to break even. The 6,000 benchmark was quoted at $86.20 on Thursday.Analysts suggest the mine is unlikely to start commercial production until the middle of the next decade at the soonest, if at all. A profit margin of $8-$12 a tonne is half the averages of 2017 and 2018, highlighting how rapidly the market has turned since the Paris agreement on climate change.More: In a sunset industry, economics of Adani’s Australian coal mine questionedlast_img read more

St Michael continue their unbeaten run

first_imgSt Michael’s FC continue their unbeaten run this season.They won their 14th game on the trot yesterday against Clodiagh Rangers in the FAI Junior Cup.They’re out again on Sunday against BT Harps in the fourth round of the competition at home. Photo © Pixabay Saints Manager James Chalky Walsh says it’s been a good start to the season…last_img

The Future of Audio and Video Programming in Canada What Will Come

first_imgConsumer Behaviour and an Evolving MarketCanadians currently enjoy audio and video content through a combination of traditional broadcast and Internet-based services. How do you think consumer behaviour will evolve in the next 5 years? What factors will influence this evolution?How do you want to access programming in the future? Do you want to use:Online or traditional providers?Global or domestic providers?Content aggregators or multiple distributors? Music, Podcasts, TV, Radio, Videos and Everything in BetweenThe Internet has expanded the ways we access content but the traditional ways still exist. Whether it’s on your TV, laptop, phone, streamed through your car, or over-the-air – content is everywhere.We want to know how you want to access audio and video content in the coming years, and how you think these changes might impact the Canadian broadcasting and telecommunications markets. Your comments and ideas will help us provide advice and guidance to the Department of Canadian Heritage.Two-Phase Consultation Oct 12 to Dec 1, 2017Phase 1 – Laying the Foundation Advertisement Advertisement Facebook Supporting Canadian Content Creation and DistributionHow is the growth in online audio and video consumption changing the business models of program creators and distributors? What are the new models?Content is generally monetized through advertising, subscription and/or transaction revenues. How are new business models shaping the evolution of these revenue sources?Many new business models are global. How will the growth of a global content rights market affect business models?Will new business models support a vibrant domestic content and distribution market? If so, which ones and why? If not, what’s missing? Canadian PolicyWhat are the legislative, public policy or regulatory measures currently in place that will facilitate or hinder a vibrant domestic market? What needs to stay in place? What needs to change? We will draw from the comments and issues raised in phase 1 to establish topics addressed in the second phase.READ MORE Advertisement Login/Register With: Keeping Pace with Growing DemandHow will fixed and mobile broadband networks keep pace with future data streaming capacity requirements, particularly in rural and remote areas? LEAVE A REPLY Cancel replyLog in to leave a comment What are the characteristics of a vibrant domestic content creation and distribution market? During this phase, we are looking for your thoughts on the following questions: Twitterlast_img read more