New Queensland government supports Galilee Basin coal development, but is it enough?
We expect thermal coal exports to start from the Galilee Basin by late 2018. This is based on our assessment of Adani's Carmichael project, which has progressed its approvals and is in the process of securing finance. The newly elected Queensland Labour government has also come out in support of the Galilee Basin, announcing a dredging solution for port expansion at Abbot Point. We envisaged the dredging solution to be a major stumbling block when the Liberals were ousted in the January 2015.
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Exports feasible by late 2018
Marketable production for the Galilee Basin (million tonne)