I thought the following was interesting.
Sourced from https://unauthorised investment advice/resources/is-thermal-coal-an-unbackable-favourite-or-just-unbankable/?utm_medium=email&utm_campaign=*%20Morning%20Newsletter%20Friday%20November%2029&utm_content=*%20Morning%20Newsletter%20Friday%20November%2029+CID_0a8788a559b46165d841f2d7b690c0a0&utm_source=Campaign%20Monitor&utm_term=Is%20thermal%20coal%20an%20unbackable%20favourite%20or%20just%20unbankableDacres-Manning says in 1994 when Centennial Coal was floated it would take three to four years from discovery to production.
“Today, for a thermal coal project that has probably blown out to 10-12 years. There are many different factors at fault but the environmental process is now the hardest part of the development of a coal mine,” he says.
China Coal Tarrifs to Drop, page-35
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