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Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD


A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.

Hancock Prospecting is proposing two mines at Alpha and Kevin's Corner in the Galilee Basin and a 500 kilometre rail line to port facilities. The company's chairman, Gina Rinehart, has today met Premier Anna Bligh to discuss the plans.

The Government has declared the coal rail corridor an infrastructure facility of significance and confirmed it will be able to use Abbott Point.

Ms Bligh says that means Hancock can now move forward with a bankable feasibility study.

If it is approved, the projects will create the biggest thermal coal mine complex in Australia and employ thousands of workers.

Ms Rinehart says now the Government has provided certainty about rail and port infrastructure, a Hancock Coal head office will be established in Brisbane.
Source:ABC Net



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