This report highlighted in my mind the completion of mining mid 2019.
While that’s good from a hydro perspective, it reinforced in my mind that this timeframe does not give them long to fire up kanmantoo underground or Kanappa/ Mount Rhine.
It took them nearly 2 years to really get going at Kanmantoo back in the day. I hope they have learned from this experience as the long startup set the seen for the disaster of last year. This is because they accumulated much more debt to finance the startup and that dogged them for the whole life of the mine.
Ann: Pumped Hydro Energy Storage Conference Presentation, page-5
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