Australia’s Largest Coal Mine Wins Approval

The Sydney Morning Herald reported that Greg Hunt, Australia’s environment minister, has approved the Kevin’s Corner project. Covering 37,380 hectares, it will be the largest coal project in the country; it will be operated by Hancock Coal Pty Ltd., a company owned by Hancock Prospecting Pty Ltd. and GVK.

As quoted in the market news:

Queensland Resources Council acting chief executive Greg Lane said Kevin’s Corner stood to not only improve living standards for millions of people in India, but also open up one of the world’s most exciting new coal provinces.

‘GVK is to be congratulated for its commitment to this project in the toughest operating environment that the Queensland coal industry has faced this century,’ he said in a statement.

Click here to read the full report from The Sydney Morning Herald.