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Australia : Huge Australian coal mine wins conditional approval
Publish Date : 30-May-2012
A huge A$6.4 billion (S$8.1 billion) coal mine in Australia\'s Galilee Basin owned by Indian infrastructure giant GVK and the world\'s richest woman Gina Rinehart on Tuesday won conditional approval.
The Alpha Coal Project in Queensland state is expected to generate 3,600 jobs during construction and nearly 1,000 once in operation, producing around 30 million metric tons of thermal coal each year.
Queensland Minister for State Development, Infrastructure and Planning Jeff Seeney said the mine was given the green light subject to 128 conditions following a four-year process.
\'There\'ll be an estimated A$11 billion boost to the economy during the mine\'s three year construction phase. 80 per cent of that will be retained in Queensland,\' Mr Seeney said in a statement to the local parliament.
