|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Oil & Energy (Click here for more)

Australia Approves Controversial Mine near Great Barrier Reef

SYDNEY – Australia greenlighted on Tuesday a project by Indian firm Adani to build the largest coal mine in the country despite protests from environmental groups.

Environment activists have been opposing the $11.9 billion Carmichael coal mine project that will run on the Galilee Basin in the northeast state of Queensland, on grounds that it poses a threat to the Great Barrier Reef, which is located in the same region.

“I am proud to announce the project has Final Investment Decision (FID) approval which marks the official start of one of the largest single infrastructure – and job-creating – developments in Australia’s recent history,” Gautam Adani, the firm’s president, said in a statement announcing the decision by the Australian government.

The Great Barrier Reef, declared World Heritage Site, is the world’s largest coral system and has been, for the second year running, suffering from excessive coral bleaching that has led to the death of half the species.

“The last thing the Great Barrier Reef needs is another coal mine doomed to fail,” WWF Australia CEO Dermot O’Gorman said.

Resources minister Matt Canavan defended the project, which involves the construction of a 389-kilometer (242 miles) railway line at the inauguration of the Adani office in Townsville.

“It is the first time we have opened up a coal basin in 50 years and if we can get it going, it will open up more projects,” said Canavan.

The project, which plans to create 10,000 direct and indirect jobs, is yet to receive funding guarantee after four major Australian banks backed out.

The company has requested a loan of around $672 million (596 million euros) to Northern Australia Infrastructure Facility.

The Australian Greens party spokesperson for environmental affairs, Larissa Waters, said the Adani announcement does not imply that the mine will go ahead, the AAP news agency reported.

In October 2015, the Australian government had re-approved the Adani project after a court had ruled in favor of a legal challenge to the project, imposing 36 strict conditions that included accepting the recommendations of independent experts to protect a habitat of 31,000 hectares (76,602 acres) and funding to investigate and protect endangered fauna in the wetlands of Doongmabulla Springs.

The mine, which could operate for about 90 years, will produce 60 million tons of coal to be exported from the Abbot Point port terminals, located near the Great Barrier Reef.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved