Here’s how cashed-up coal miners are protecting their exports
Coal miners have accelerated debt repayments at a NSW port joint venture in a bid to protect the asset against stricter fossil fuel lending policies and early closure of some Hunter Valley coal mines.
Hundreds of millions of dollars of extra repayments will flow to Newcastle Coal Infrastructure Group (NCIG) each year via two separate initiatives which aim to wipe more than a decade off the term of NCIG’s debt and reduce refinancing risks.
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