Australian mining magnate Clive Palmer has renewed a push to develop a new coal mine in Queensland state, close to a controversial mine under construction by India’s Adani Enterprises. Palmer’s Waratah Coal applied to Australia’s Department of Natural Resources on Oct. 4 for a 35-year mining lease in the Galilee Basin, a new coal region that won the green light this year for development. The application signals a resumption in development planning for the mine, which was first proposed in 2011 but which has been on ice in recent years. …read more
Source:: Yahoo Finance
