NSW government pays Shenhua $100m to cancel coalmine project
by Lisa Cox from on (#5GVY6)
Watermark deal ends as NSW Nationals talk up coal industry before Upper Hunter byelection
The NSW government will pay Chinese-owned mining company Shenhua $100m to withdraw from its Watermark coalmine project on the Liverpool Plains, ending a 13-year battle with the region's farmers.
The deputy premier and resources minister, John Barilaro, confirmed the deal on Wednesday that will see Shenhua withdraw its mining lease application and surrender its development consent for the mine.
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