Energy transition a 'ratchet that turns one way' as Indian-owned West Australian coal mine teeters on the brink

 The looming demise of a loss-making coal mine in Western Australia is a microcosm of the industry's "dire" prospects as a fuel for electricity amid the rampant rise of renewable energy, an analyst says.

Expectations are growing that the Griffin Coal mine near Collie, about 180km south of Perth, will be tipped into receivership in coming days following years of heavy losses believed to exceed more than $1 billion.

Lawyers for the Indian-owned mine have been fighting in the West Australian Supreme Court to stop a bid by its biggest customer, the Bluewaters power station, to take control of the operation.

Read More: https://www.abc.net.au/news/2022-09-08/indian-owned-wa-coal-mine-teeters-on-the-brink/101415394



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