Australia's largest stock trading and investment forum Australia's #1 stock forum

Adani mine approved, page-2

First 2 Last

Share
Profile

Follow
Atticuscat

12,907 Posts.

15/10/15

15:42

Post #: 16184617
Share

Originally posted by laira ↑

DOW JONES, SYDNEY--Australia's federal government reapproved Adani Group's plans for a
major coal mine and rail line in eastern Australia, injecting momentum into a
multibillion-dollar project that had snagged on environmental concerns and the global
commodity price slump.
Environment Minister Greg Hunt attached 36 conditions to his approval of Adani's
Carmichael coal mine and associated infrastructure in the Galilee Basin of eastern
Australia's Queensland state.
Adani aims to produce as much as 60 million metric tons of thermal coal annually for
export to its power plants in India. Previous estimates have pegged the construction
costs at 16.5 billion Australian dollars (US$12.1 billion).
Mr. Hunt also approved Adani's plans to build a rail line connecting the
Carmichael mine with existing ports, which face the Great Barrier Reef.
It comes more than two months after a federal court in Sydney overturned the
minister's earlier approval for Adani to build the Carmichael coal mine.
Environmental activists had raised concerns about the project's impact on the yakka
skink--a native Australian lizard--and another vulnerable species, the ornamental snake.

Sympathetic, left-wing half-wits have rushed to defend the yakka and the ornamental, starting a Twitter tag #I'll hide with you#.

Expand

The unwashed ferals will be foaming at the mouth. No doubt there will be protests
12 Upvote

Reply

Top Stories

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

INA

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

There are more pages in this discussion • 60 more messages in this thread...

First 2 Last

Adani mine approved, page-2

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

'Joaquin Silver District' acquisition to become a key asset for Unico

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

Featured News

Featured News

Adani mine approved, page-2

Top Stories

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

'Joaquin Silver District' acquisition to become a key asset for Unico

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

Featured News

Featured News