Galilee Basin mine next to Adani put on hold amid doubts over future of thermal coal
by Ben Smee from on (#4FPEC)
MacMines Austasia abandon plans, raising questions about basin's viability as a source of Queensland employment
The backer of a massive coal proposal in the Galilee Basin, adjacent to Adani's Carmichael mine site, has quietly abandoned its plans amid growing doubts about the long-term profitability of Australian thermal coal exports.
The ABC reported this morning that the proponents of the $7bn China Stone mine had withdrawn their application for a mining lease in March.
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