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Alpha numbers won't add up: report

HANCOCK-GVK’s $A6.4 billion Alpha project – which received the green light from Queensland’s coordinator-general last week to produce 30 million tonnes per annum of thermal coal – will be uneconomic under today’s thermal coal prices, according to research.

Lau Caruana

Alpha numbers won't add up: report

Greenfields operations with large capital expenditure and big infrastructure requirements, such as Alpha in the Galilee Basin which is 495km from the port, would struggle on a cost per tonne free-on-board...

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