By Fidelis Rego
Posted
More doubts have been raised over the future of a proposed major coal mine near Wandoan on Queensland's Western Downs region.
Xstrata is proposing to develop the Southern Hemisphere's largest open-cut coal mine near Wandoan, north-west of Toowoomba, but is yet to make a final investment decision.
The company is due to merge with commodities giant Glencore in April.
Speaking to investors yesterday, Glencore chief executive officer Ivan Glasenberg says he is in favour of less risky investments.
"We prefer to distance ourselves from greenfield projects which create more risks," he said.
John Erbacher is one of five farmers who has begun legal action to stop the project going ahead.
He says it should have not been given federal environment approval.
"We won't get compensation if Xtsrata doesn't get the mining lease - it's totally unfair," he said.
Xstrata Coal says it will not comment until after the merger and court case are settled.
Topics: mining-rural, coal, mining-industry, company-news, wandoan-4419, toowoomba-4350
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