Glencore scraps application for new coal mine in Queensland
by Australian Associated Press from on (#66M9G)
Australia's largest coal producer says it's reviewing plans for project in Bowen Basin citing net zero commitment and state's royalty hike
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Australia's largest coal producer Glencore has scrapped an application for a major new mine in Queensland.
The Swiss multinational said it is reviewing plans for the Valeria project in the state's Bowen Basin, which could have produced 16m tonnes of thermal and metallurgical coal annually for 37 years.
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