Aussie Official OKs Coal Terminal In GVK's $10B Project

Law360, New York (October 10, 2012, 8:12 PM EDT) -- India's GVK on Wednesday cleared another hurdle in its plans for a $10.4 billion link between its Queensland coal assets to a port on Australia's northeast coast, as the country's environmental overseer approved the seaside coal terminal while setting out conditions for preserving the region's natural populations.

Australia's minister for sustainability, environment, water, population and communities, Tony Burke, said that he had approved the establishment of a new coal terminal at Abbot Point as sought by GVK and partner Hancock Prospecting Pty. Ltd., saying that the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.