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Pembroke Resources' Olive Downs coal mine gets $157m NAIF loan - Vimarsana News

Pembroke Resources' Olive Downs coal mine gets $157m NAIF loan

Glenn Hunt Even though the project is for metallurgical coal – used for steel making rather than thermal coal which is burned in power stations – the taxpayer funding is expected to outrage clean energy advocates who say all coal projects should be phased out in Australia. Mr Pitt said the $900 million project in the Bowen Basin will support up to 700 jobs during construction and more than 500 new jobs for the region when fully operational. “NAIF has approved a loan of $175 million to support the mine’s first stage of development which includes rail, and transmission line...

Source: afr.com
Public money for Olive Downs coal mine is deeply irresponsible - Vimarsana News

Public money for Olive Downs coal mine is deeply irresponsible

Date Time Public money for Olive Downs coal mine is deeply irresponsible In response to Resources Minister Keith Pitt’s announcement that the Morrison government will give $175 million from the Northern Australia Infrastructure Facility (NAIF) to support the Olive Downs coal project in Queensland’s Bowen Basin, the Australian Conservation Foundation’s Suzanne Harter said: “While investors around the world are getting out of fossil fuels, and Australia’s banks are becoming increasingly unwilling to finance coal projects due to their clear climate risks, the Morrison government is usi...

Huge mine pits 'would meet rehabilitation goals': Minister - Vimarsana News

Huge mine pits 'would meet rehabilitation goals': Minister

Premium Content Subscriber only Large mine pits left on the Isaac River flood plain after the shut down of a Central Queensland mine “would meet rehabilitation goals”, Environment Minister Meaghan Scanlon says. Greens Maiwar MP Michael Berkman submitted a Queensland parliament Question on Notice to Ms Scanlon asking how the approval of the Pembroke Resources Olive Downs mine met the Department of Environment and Science’s expectations and best practice environmental management. Last month, the Daily Mercury reported RTI documents revealed the department repeatedly flagged con...

Fears $1bn CQ mega mine could leave behind huge mine pits - Vimarsana News

Fears $1bn CQ mega mine could leave behind huge mine pits

A conservation group says the government has the power to revoke a mining licence for a $1 billion Central Queensland mega mine after serious concerns about environmental impacts were raised. ABC Investigations reported it had obtained Right to Information documents which show the Department of Environment and Science raised concerns behind the scenes about the Olive Downs project’s impact on surrounding waterways. Located southeast of Moranbah in the Bowen Basin, the mine was granted the last of the major approvals required to start construction during last year’s Queensland state elec...

Pembroke's Olive Downs coal mine approved despite department's concerns about waterways - Vimarsana News

Pembroke's Olive Downs coal mine approved despite department's concerns about waterways

Pembroke's Olive Downs coal mine approved despite department's concerns about waterways Posted TueTuesday 9 updated WedWednesday 10 MarMarch 2021 at 5:11am Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. Watch 8 Share Print text only Cancel A massive coal mine that was a key platform in Queensland Premier Annastacia Palaszczuk's election campaign gained approvals despite the environmental regulator raising serious concerns behind the scenes about lasting impacts on surrounding waterways, ABC Investigations can reveal. Key points: Queensland's...

Source: abc.net.au