Taxpayers already lend billions to the mining and energy sector through multiple agencies, and one potash aspirant is showing it’s not always money well spent.
Before federal resources minister Keith Pitt opens a branch of the bank of last resort, he might want to have a look at his existing loan book.
The federal government is already a lender to the mining and energy industry through at least three agencies, and the track record on the billions doled out is mixed.
Loading...
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
