• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day The United States produced more crude oil than any nation, at any time.
  • 19 hours China deletes leaked stats showing plunging birth rate for 2023
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Bad news for e-cars keeps coming

India's GVK is Granted Approval for $6.3 billion Coal Mine in Queensland

After stating 128 conditions to be fulfilled, the Coordinator-General of Queensland, Australia granted environmental approval to India’s GVK Power and Infrastructure for the development of the $6.3 billion (A$6.4 billion) Alpha coal project, expected to be the largest in Australia when it is completed in 2016.

The mine will be situated in the Galilee Basin, 130km south-west of Clermont, and 360km south-west of Mackay. The proposed site will consist of six separate open-cut mines stretching north to south for approximately 24km.

The project will have an initial export capacity of 30 million tons of coal a year, and include the construction of a 495km railway to transport the coal from the mine to the port of Abbot Point near Bowen.

Jeff Seeney, the State Development, Infrastructure, and Planning Minister, said that $11 billion will be generated during the mines predicted three year construction phase, of which 80% will remain within the province of Queensland. He also remarked that “once Once operational, Queensland's economy should see an economic boost of $1bn per year from this mine alone,” and that “Australia can expect an $80 billion dollar rise in exports over the life of the mine (expected to be 30 years).”

The project is still due to undergo several assessments before it can be fully approved, but Queensland are hopeful for the revenue that it will bring to the area.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News