Matt Canavan's optimistic coal forecast contradicts his own department
by Gareth Hutchens from on (#3T6QJ)
Minister says 'we'd be mad not to' mine Galilee basin, despite report showing steep price drop from 2020
A senior federal minister has claimed new coal export figures strengthen the investment case for Adani's Carmichael coalmine and the development of Queensland's Galilee basin, but a report from his own department appears to show the opposite.
The Department of Industry, Innovation and Science released a report on Monday that included projections for global commodity prices and volumes.