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Mining leases approved for $21 billion project in Queensland's Galilee Basin

  1. mmmmgus
    1,341 Posts.
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    03/04/16
    20:47
    Post #: 17411811
    What are the chances that approval for CNX will be next? Rights offer closes tomorrow?

    The Queensland Government has approved mining leases for the $21.7 billion Carmichael coal mine and rail project in the Galilee Basin.

    State Mines Minister Dr Anthony Lynham today approved the three individual mining leases about 160 kilometres north-west of Clermont for Indian company Adani.

    Premier Annastacia Palaszczuk said it was a major step forward for the project after "extensive government and community scrutiny".

    http://www.abc.net.au/news/2016-04-...rmichael-mine-qld-galilee-basin-adani/7295188
    CNX Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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