Aussie Coal Rebound? Private Money Fills Banking Gap

Private loans from wealthy Australians increase in coal projects as banks retreat

Coal Loader — Photo

Wealthy Australians seeking appealing investment returns are becoming a significant source of capital for coal projects that banks have avoided due to environmental, social, and governance (ESG) concerns.

For instance, fund manager Income Asset Management (IAM) has been targeting the wealthy in Australia to provide private loans to coal and other mining companies, with investment returns of about 12% to 13% annually.

Private loans from wealthy Australians increase in coal projects as banks retreat

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