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Startup's purchase Queensland coalmine avoids environmental scrutiny

2016-02-12 01:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: A loophole in Queensland mining laws could allow a startup company to avoid government scrutiny of its suitability to operate a coalmine with a $120m-plus environmental liability after raising less than $750,000 from investors. Batchfire Resources has inked a deal to buy Callide mine that may also not require it to seek a new environmental permit, sparing it from a possible hike in the amount of money it must guarantee for site rehabilitation should it go under. Batchfire, whose key shareholder,...

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