The NSW Government has not confirmed that a buyout of Shenhua’s large open-cut coal project on the Breeza Plains is imminent.
Lock the Gate Alliance today urged the NSW Government to clarify if indeed a deal had been struck to buy out Shenhua’s coal project on the Breeza Plains near Gunnedah.
Nine reported that the deal had been done and was due for announcement soon. The deal would see the government pay up to $200 million in compensation to buy back the exploration and mining licence of Shenhua over the Watermark project area.
The company had only started exploration drilling in January last year after holding the exploration licence since 2018, with that due to expire in October this year. The project has been on the table for 15…