Look up SMH article today .................. sounds right
Coal miners unable to raise output even as prices soar
“Even then, the small number of new projects being developed in Australian east coast coal fields will be significantly offset by depletion of existing mines that are running out of resources,” Mr Shaw said. “So, net-net, the outlook for Australian coal exports volumes are pretty flat, to be honest, even with these very, very high prices.”
Labour shortages, depleting coal fields and an investor-led retreat from fossil fuels are restricting Australian coal miners’ ability to increase supplies despite the stunning rally in commodity prices since Russia invaded Ukraine.
Target $4.61, page-6676
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