Supplier to WA coal power stations about to go bust

One of the major suppliers of coal to Western Australia's coal power stations, Lanco Resources, faces a likelihood of insolvency as early as 2015. The WA Government should resist the temptation to prop them up.

*This is an excerpt from the report, Stranded out west: The imminent failure of Lanco Infratech’s investment in Griffin Coal, published by the Institute for Energy Economics and Financial Analysis and authored by Tim Buckley.

The acquisition of Griffin Coal by Lanco Infratech at the peak of the coal boom is at serious risk of becoming a stranded investment with potential negative impacts on investors, Western Australian taxpayers and the local community of Collie.

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