Whitehaven Coal’s Vickery Project is a stranded asset
A fresh report from IEEFA, the Institute for Energy Economics and Financial Analysis, has called the Vickery Extension Coal project a “folly” and a “stranded project”. The Institute states that Whitehaven Coal’s “wealth destruction is extreme and ongoing”. Vickery, an audacious 10 million tonnes per annum approval originally planned to include an open cut coal pit directly on the Namoi River, is located in the northern part of the Liverpool Plains between Gunnedah and Boggabri. “A decade on from the acquisition of the Vickery coal deposit, the strategic or economic merit of Whitehaven…continue reading →
