New Coal Boom Looms After Green Light For Adani Coal Mine

  • Date: 29/11/18
  • The Australian

Australia is on the brink of opening up a massive, untapped coal province after Adani committed to begin construction of its ­controversial Carmichael mine project in central Queensland befor­e Christmas.

After almost a decade of ­delays, legal challenges and protest­s, the Indian conglomerate is planning to begin exporting high-quality thermal coal from the Galilee Basin, west of Mackay, by the end of 2020.

Adani’s decision to self-fund a scaled-down version of its original mine-rail proposal — involving what would have been Australia’s biggest-ever coalmine — could pave the way for five other propos­ed mines in the basin. Its planned rail link to the Abbot Point port will be opened for use to Adani’s rivals, with an initial coal-hauling capacity of 40 million tonnes a year that could be doubled within a few years.

Last week, Queensland’s Co-ordinator-General approved the proposed $6.7 billion Chinese-backed MacMines coalmine in the Galilee Basin.

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