might be of interest, page-21

Thanks for that link, Blomingruby. I found it very informative.

Particularly this bit.....

"Bacchus Marsh, however — albeit it is a smaller deposit, something of the order of 1 billion or 2 billion, versus 20 billion to 40 billion or 60 billion tonnes, or however you want to cut that up — does not have the infrastructure constraints that the Latrobe Valley does in generating an export market. It requires hundreds of millions of dollars to develop technology to clean up coal, and offshore investment companies from China and India are willing to pay those dollars to get coal supply and lower emissions coal supply. The particular circumstance at Bacchus Marsh leads to an easier commercial outcome to get upgraded coal to market because it has a rail there, the Port of Geelong with capacity and it does not have the eastern Melbourne sprawl. If you are ever going to develop the Latrobe Valley, how are you going to do it infrastructure-wise for bulk commodities? I guess — albeit one is a big deposit and the other is a little deposit — there are other commercial issues that say the Latrobe Valley one involves a lot of hard yards..."

Cheers,
Blackpete