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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of Australian thermal coal exports.The ABC reported this morning that the proponents of the $7bn China Stone mine had withdrawn their application for a mining lease in March.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

Wellington Senior Center needing volunteer drivers for Friendship meals

first_imgby Tracy McCue, Sumner Newscow — The Wellington Senior Center is looking for volunteer drivers to drive the company van and deliver friendship meals to shut-ins in the community.Each day a meal goes out to 40 homes each day for those who are unable to leave their homes or are suffering sickness. This program is part of the Meals on Wheels program through the Wellington Senior Center. Paul Weber of Wellington, who assists with the delivery of the meals said there is needs for a substitutes and sub-drivers especially on Wednesday.For more information contact June at the Wellington Senior Center at 326-3942. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more