Whitehaven Gets State Approval for Maules Creek

Reuters reported that Australian coal producer Whitehaven Coal has received state approval to develop its Maules Creek mine, considered to be its most valuable project. They will now seek Federal approval.

As quoted in the market report:

Whitehaven aims to start operations at the mine in mid-2013, ramping up to produce more than 10 million tonnes a year of mostly high quality semi-soft coking coal, used to make steel, from fiscal 2016.

To view the whole Reuters report, click here.