Coal deals burn hot in last frontier
Huge coal deposits in Queensland’s emerging Galilee Basin coal province, described by miners as the last frontier, have sparked an explosion of corporate activity, driven by the likes of Gina Rinehart and Clive Palmer.
Huge coal deposits in Queensland’s emerging Galilee Basin coal province, described by miners as the last frontier, have sparked an explosion of corporate activity, driven by the likes of Gina Rinehart and Clive Palmer .
Investment in the region is hotting up and Indian group GVK has locked in a record deal with Australia’s queen of mining, Gina Rinehart, that should lead to $US10 billion ($9.76 billion) of investment to develop her Hancock Coal assets.
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