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A Hume Coal visualisation of its proposed mine site Theyve said they want 35%, but then it will be a little more, and a bit more, and theyll keep coming back, because I dont believe the economics stack up. Pinterest A Hume Coal visualisation of its proposed mine site Grants concern about the viability of the proposal is shared by many. The extraction method is relatively expensive and will recover relatively little, while the overall global demand for coal is flatlining . The department has confirmed that taxpayers would receive only about $120m in todays dollars over the two-decade life of the mine . The amount gained in royalties, Grant says, would probably be less than the cost of compensating landholders and forgone tax revenue from impacts on local businesses. Its negligible, he says. And yet the loss here, in terms of prospective business benefits, I suspect over that period of time will exceed that. But the company says a mine would bring other benefits to the region, and commissioned a cost-benefit analysis that suggests the net economic impact would be positive. It says 400 jobs would be created during construction and a further 300 during operation. Fitzsimmons says the job estimates are conservative. Three hundred jobs during operations for a period of up to 20 years, thats a pretty good employment Ben Fitzsimmons, Hume Coal Three hundred jobs during operations for a period of up to 20 years, thats a pretty good employment for an doctor home loan rate Oak Laurel area thats experiencing severe unemployment or underemployment, he says. The company has set up a charitable foundation and an apprenticeship program. But the gestures do not appear to be winning over the community.

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