Australia approves first coal mine in a year, despite climate concerns
COAL & MINING

Australia approves first coal mine in a year, despite climate concerns

Australia's centre-left Labor government has approved a new coal mine for the first time since it won power a year ago, sparking an angry reaction from environmental groups. Prime Minister Anthony Albanese's government has authorised Bowen Coking Coal's Isaac River mine project in Queensland to extract metallurgical coal for making steel.

The mine is relatively small in scale, but it is the first new coal mine to be given the go-ahead by the government, which won many voters over by promising to slash planet-warming carbon emissions after a decade of Australian foot-dragging on climate action.

A spokesperson for Environment Minister Tanya Plibersek said that the government had to make decisions in accordance with the facts and the national environment law. She said that the government had doubled renewable energy approvals to a record high since the election, and that it would continue to consider each project on a case-by-case basis under the law.

The Australian Conservation Foundation criticised the decision, saying that it ignored climate science. The foundation's climate expert Gavan McFadzean said that the world's climate scientists had all been clear for years that we must immediately stop digging up and burning coal if we want a safe climate. He said that wherever in the world our coal and gas is burnt, it makes climate damage in Australia worse.

Bowen Coking Coal welcomed the decision, saying that it was there to meet the growing demand for energy and steelmaking coal.

Australia's economy is fuelled by mining and coal exports, and it is among the world's biggest emitters of carbon dioxide per capita.

Heavy storms in 2022 caused catastrophic floods on Australia's east coast, in which more than 20 people died.

The "Black Summer" bushfires of 2019-2020 burned more than eight million hectares of native vegetation, while marine heatwaves caused mass coral bleaching on the Great Barrier Reef in 2016, 2017 and 2020.

Also Read
Mineral production index for mining sector rose 4.6% to 129 in Feb
Metals recycling firm Runaya sees revenues doubling in FY24

Australia's centre-left Labor government has approved a new coal mine for the first time since it won power a year ago, sparking an angry reaction from environmental groups. Prime Minister Anthony Albanese's government has authorised Bowen Coking Coal's Isaac River mine project in Queensland to extract metallurgical coal for making steel. The mine is relatively small in scale, but it is the first new coal mine to be given the go-ahead by the government, which won many voters over by promising to slash planet-warming carbon emissions after a decade of Australian foot-dragging on climate action. A spokesperson for Environment Minister Tanya Plibersek said that the government had to make decisions in accordance with the facts and the national environment law. She said that the government had doubled renewable energy approvals to a record high since the election, and that it would continue to consider each project on a case-by-case basis under the law. The Australian Conservation Foundation criticised the decision, saying that it ignored climate science. The foundation's climate expert Gavan McFadzean said that the world's climate scientists had all been clear for years that we must immediately stop digging up and burning coal if we want a safe climate. He said that wherever in the world our coal and gas is burnt, it makes climate damage in Australia worse. Bowen Coking Coal welcomed the decision, saying that it was there to meet the growing demand for energy and steelmaking coal. Australia's economy is fuelled by mining and coal exports, and it is among the world's biggest emitters of carbon dioxide per capita. Heavy storms in 2022 caused catastrophic floods on Australia's east coast, in which more than 20 people died. The Black Summer bushfires of 2019-2020 burned more than eight million hectares of native vegetation, while marine heatwaves caused mass coral bleaching on the Great Barrier Reef in 2016, 2017 and 2020. Also Read Mineral production index for mining sector rose 4.6% to 129 in Feb Metals recycling firm Runaya sees revenues doubling in FY24

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?