Australia to pay China's Shenhua Energy A$262m to buy back mining licence
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Sydney
AUSTRALIA'S New South Wales state said on Wednesday it would buy back half of a coal exploration licence from China Shenhua Energy Co Ltd, bowing to pressure from farmers and environmentalists opposed to mining on prime agricultural land.
The government of Australia's most populous state said it had agreed to pay A$262 million (S$277 million) to buy back 51.4 per cent of Shenhua's exploration licence on the Liverpool Plains 400 km north-west of Sydney.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
