India's GVK Gets OK For $10B Aussie Mine, Rail Effort

Law360, New York (August 23, 2012, 12:44 PM EDT) -- Australian environmental regulators approved a 311-mile rail link proposed by India’s GVK, marking the end of a four-year review of AU$10 billion (US$10.4 billion) plans to connect the company’s massive Queensland coal project to a seaside port, GVK said Thursday.

The project, to be developed as a joint venture between GVK and Hancock Prospecting Pty. Ltd., will add a coal mine in Alpha, located in northeast Australia's thermal coal-rich Galilee Basin, and a railway connecting it to a port at Abbott Point. Conservation groups had raised...
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