Australia finally clears Adani to mine one of the world’s largest coal reserves

The most divisive mining project in recent Australian history can finally break ground after the state of Queensland cleared the final regulatory hurdle on Thursday for Adani Group’s Carmichael coal mine. The approval of the project’s groundwater management marks the end of an almost 10-year wait, during which the proposed mine faced steady resistance by environmental groups. Local […]

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Adani’s coal project in Australia may take off as new govt comes to power

A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel. Adani Group’s Carmichael coal project is located in Australia’s huge Galilee Basin, which if fully developed, has the potential to more than double […]

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Whitehaven brings in Rio Tinto’s Australian Winchester South coal project under its umbrella

In a significant move, the mining giant Rio Tinto has agreed to sell its 75% interest in the Winchester South coal development project in the Australian state of Queensland to Whitehaven Coal for $200 million, the two companies said Thursday. Whitehaven said the large, high quality coking coal project in the Bowen Basin was located […]

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Adani Group’s Carmichael project takes another hit, as it ends partnership with Downer Group

The Adani Group’s Carmichael coal and rail project in Australia has decided to cancel its partnership with experienced local mine operator Downer Group in a $2.6 billion contract. After the Queensland Government vetoed a $1 billion loan to the Adani Group, the cancellation of partnership with the Downer Group is being attributed to cost-cutting measures. […]

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Adani’s Aussie saga: To go ahead with $12 billion coal mine project

After a long spate of sabre-rattling, diplomatic negotiations, and political interference, India’s Adani Group has decided to go ahead with its $12 billion (A$16 billion) Carmichael coal mine and rail project in Queensland, Australia, one of the world’s largest thermal coal mines approved in recent years. The decision comes only days after the conglomerate agreed to pay […]

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Cyclone Debbie disrupts Australia’s coal supply and exports; might result in price hikes

Australia’s coal exports may be disrupted for weeks as flooding associated with Cyclone Debbie has caused serious damage to some of the country’s key rail lines, particularly in the north-east, momentarily helping prices, but also increasing the prospect of major producers declaring force majeure. Australia’s coal hauler Aurizon Holdings said it would take up to […]

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Moratorium on new coal mines to have little impact on Australia’s economy – report

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Economic impact of a moratorium on new coal mines and mines expansion in Australia will be marginal, as a world moving towards reducing greenhouse emissions will need to burn less coal in the future, a report has found. According to The Australia Institute report, coal industry lobbyists and some political leaders in Australia claim that […]

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