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Developer drops plans for China Stone thermal coal mine in Australia’s Galilee Basin

first_imgDeveloper drops plans for China Stone thermal coal mine in Australia’s Galilee Basin FacebookTwitterLinkedInEmailPrint分享The Guardian:The backer of a massive coal proposal in the Galilee Basin, adjacent to Adani’s Carmichael mine site, has quietly abandoned its plans amid growing doubts about the long-term profitability of Australian thermal coal exports.The ABC reported this morning that the proponents of the $7bn China Stone mine had withdrawn their application for a mining lease in March. Owners MacMines Austasia, a subsidiary of China’s Meijin Energy Group, has confirmed the project’s future is “under internal discussion” but otherwise declined to comment.China Stone would have exported 38m tonnes of thermal coal a year, and was among the largest of seven proposed coalmines in the Galilee Basin.The collapse of a significant proposal in the Galilee will raise questions about the viability of the remote basin, which has been promoted in Queensland as a significant potential source of regional employment. Six mining proposals in the Galilee have gained necessary approvals, while one other, the Clive Palmer-backed Alpha North proposal, is undergoing an environmental assessment. None has begun construction.Analysts have questioned whether projects are viable in the Galilee, given the lack of existing infrastructure and the cost of transporting coal several hundred kilometres to export ports. Tim Buckley, the director of energy finance studies at the Institute of Energy Economics and Financial Analysis, said the economics of thermal coal in the Galilee Basin “just don’t stack up” amid the shift away from thermal coal.“You can’t dismiss BHP, who is one of the biggest suppliers to China in the world,” Buckley said. “As those markets move, regardless of what Australia does, we are exposed,” Buckley said. “China is going hell for leather into hydro, wind and solar because it provides diversity of [energy] supply. China passed peak coal five years ago. Why, in that market, would you go and build a mine that will take you five to 10 years anyway?”More: Galilee Basin mine next to Adani put on hold amid doubts over future of thermal coallast_img read more

Big buzz over Pollen Estate

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Ministry sanctions Batik Air for physical-distancing violations

first_imgThe Transportation Ministry has suspended a flight operated by Batik Air on the Jakarta-Denpasar, Bali, route as the airline was found to have violated physical-distancing policy in its operation.The airline violated the ministry’s regulation on COVID-19 prevention, which limits the number of passengers on board to 50 percent of maximum capacity, equivalent to around 90 passengers on a Boeing 737-900ER, as a measure to apply physical distancing to contain the virus.“Based on the ministry’s investigation, there was a violation regarding the physical-distancing policy by an airline and airport operator,” the ministry’s spokeswoman, Adita Irawati, said on Tuesday in a press release. The violation was later confirmed by both the ministry and Batik Air as having occurred on the airline’s Jakarta-Denpasar flight ID-6506 at 8 a.m. on May 15, in which 100 passengers were carried in economy class and six passengers in business class, higher than the allowed capacity.“We’ve imposed a sanction on the airline by suspending the flight that was found to have violated the regulation,” Adita said.Passengers would be transferred to other flights, the ministry said.Batik Air corporate communications strategic Danang Mandala Prihantoro said that the overcrowded flight was due to passengers having rescheduled their flights, among other reasons. “The number of passengers being flown was above 50 percent [capacity] on certain flights because of rescheduled flights for passengers as a result of pressing matters, and group or family bookings wanting to be on the same flight and in the same row,” he said in a statement.Meanwhile, state-owned airport operator Angkasa Pura (AP) II has also received a letter of warning from the ministry relating to violations of the physical-distancing policy in Soekarno-Hatta International Airport.Crowds of people were seen at the airport’s Terminal 2 on May 14 as passengers lined for document checks before boarding 13 flights that were scheduled in a short time-span between 6 a.m. and 8.a.m.Pictures of the crowding circulated on social media, triggering a public outcry over the incident.Responding to the warning, the airport operator stated that it had applied improvements to the departure procedures, including dividing passenger checkpoints into four sections, which had taken effect since May 15.“In compliance with the Transportation Ministry recommendations, PT Angkasa Pura II maintains physical distancing in effect [in airports], and we are committed to complying with those recommendations,” Angkasa Pura II VP of corporate communications Yado Yarismano said in a statement on Tuesday.Topics :last_img read more