The project is now required to pass federal approval process as well as raise huge amounts of funding required for its development.
The proposed scheme includes a new underground and open cut coal mine which will have a capacity to produce up to 40 million tons per year. It is expected to generate over 3500 jobs during construction and 2300 when in operation.
According to Queensland Coordinator-General, the approval for the project is subject to certain strict development and operating conditions, including procedures to manage matters such as surface and groundwater impacts, rail line flooding as well as other social impacts.
Waratah Coal is a coal exploration and coal development company owned by Australian businessman Clive Palmer.
