A senior federal minister has claimed new coal export figures strengthen the investment case for Adani’s Carmichael coalmine and the development of Queensland’s Galilee basin, but a report from his own department appears to show the opposite.
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| Matt Canavan’s claim that new coal export figures strengthen the case for Adani’s Carmichael mine is not backed up by a departmental report. |
The Department of Industry, Innovation and Science released a report on Monday that included projections for global commodity prices and volumes.
A story in the Australian claiming coal was set to regain its spot “as the nation’s biggest export earner”, overtaking iron ore in 2018-19, quoted the resources minister, Matthew Canavan, as saying “the market conditions are right” for Queensland’s Galilee basin to start digging up large amounts of coal.
Read the story by Gareth Hutchens from The Guardian - “Matt Canavan's optimistic coal forecast contradicts his own department.”
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