Failure to develop the Galilee basin will trigger soaring thermal coal prices in the future
Pessimism is growing in the Galilee basin with Adani’s announcement that engineering work will be halted at its Carmichael project. Once seen to be inevitable, basin development now seems uncertain given weak markets, rising costs, financing concerns and environmental opposition. Our analysis shows that without Galilee basin exports, seaborne thermal coal markets will witness up to a 20% increase in price over time.
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Headwinds intensify and threaten Galilee mine development