Federal Government approves Queensland Carmichael Coal and Rail Project
Australia's biggest coal mine, the $16.5 billion Carmichael Coal and Rail Project in Queensland's Galilee Basin, has been given federal approval.
Federal Environment Minister Greg Hunt said the project proposed by Indian company Adani could go ahead, subject to 36 "strict" conditions focused on conserving groundwater.
The mine project west of Rockhampton would be one of the biggest in the world, covering 200 square kilometres and producing about 60 million tonnes of coal a year.
The colossal proposal consists of six open-cut pits and up to five underground mines, and is intended to supply Indian power plants.
Adani will need to seek $16.5b worth of finance for the devastating Carmichael mega-mine to go ahead. If you're with the Big Four banks, tell them that you won't stand for them funding this project. Put your bank on notice.