Shenhua passes on mining licence application for $1.2bn Watermark mine
by Gabrielle Chan from on (#14ASF)
Company applies only to extend exploration licence, raising further doubts over the mine, proposed for rich farming land on Liverpool Plains
Chinese-state owned Shenhua company has applied for an extension to its exploration licence as doubts grow over the future of the $1.2bn mega-coalmine on the Liverpool Plains.
The Shenhua exploration licence, which was granted for $300m in 2008 by disgraced former NSW Labor resources minister Ian Macdonald, was due to expire this month.
Continue reading...