Glencore’s Valeria coal mine granted special status

MINING.COM | Australia’s state of Queensland has granted Glencore’s (LON:GLEN) A$1.5 billion ($1bn) Valeria coal mine the status of “coordinated project”, which will see it fast-tracked as the nation looks for alternatives to kick start the recession-ridden economy.

The decision will bring environmental and other assessments for the mine, expected to produce 20 million tonnes of coal annually for 35 years, under the office of the state’s coordinator general.

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