Advertisement
ABC’s The Business ran a great segment last night looking inside Australia’s coal bust and the impact it is having on mining services companies.
The segment examines a liquidator’s auction in Central New South Wales where giant machines that once cost millions are selling for a fraction of their value, or worse scrap.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.