Project uncertainty prompts $10m asset write-off - ABC Online

Posted January 16, 2013 13:06:29

Ambre Energy has written-off more than $10 million in assets as uncertainty continues over the future of a project on Queensland's Darling Downs.

The State Government has previously said it will not allow the construction of an open cut coals-to-fuels facility at Felton south of Toowoomba.

In its annual report Ambre says it has suspended major work at Felton and has written-off some assets.

The company says it is yet to decide on the project's future and that it depends on a new regulatory scheme to be announced by the State Government.

Topics: mining-environmental-issues, mining-industry, mining-rural, company-news, felton-4358, qld