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    coal investing

    Shenhua’s New Coal Mine Receives PAC Approval

    Investing News Network
    Jan. 30, 2015 06:36AM PST
    Industrial Metals

    Australian Mining reported that Shenhua Australia Holdings Pty Ltd.’s huge Watermark coal project has received a permit from the Planning Assessment Commission.

    Australian Mining reported that Shenhua Australia Holdings Pty Ltd.’s huge Watermark coal project has received a permit from the Planning Assessment Commission.

    As quoted in the market news:

    The open-cut coal project, located near the Liverpool Plains, plans to produce 10 million tonnes of coal per annum for 30 years, and has come under intense scrutiny from some local farmers in the region who are concerned over water and environmental impacts.

    The commission found that while the mine would impact on biodiversity, air, and noise- Shenhua could manage these issues.

    Paul Jackson, project manager for Watermark, stated:

    Today is the final step in a long journey through the NSW approvals process. It has not been without challenges and both PACs have undertaken rigorous examinations of key aspects of the Project to confirm there will be no impacts on the wider agricultural production of the adjacent Liverpool Plains.

    Click here for the full Australian Mining report

    coal investingmining reportaustralia
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