Barnaby Joyce says business case for big new coalmines 'no longer stacks up'
by Lenore Taylor Political editor from on (#M6FZ)
With coal at $60 a tonne and upfront costs of $1.3bn, Shenhua may as well buy a secondhand mine in the Hunter Valley, says minister in a swipe at huge projects
Related: Newcastle grasps what Tony Abbott cannot - coal's time has passed | Bill McKibben
Barnaby Joyce says the business case for big new coalmines "no longer stacks up" given the low price and slowing global demand for the fuel.
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