Canavan was expecting announcements on successful projects in coming months.
He said the proposed rail corridor could also be used by other coal companies.
Australia has an Industry Competitiveness Score of 5.8 out of 10, behind the world best, China.
Pigram recently retired as CEO of Geoscience Australia.
Canavan admitted it was a complicated situation with three different shareholders.
Electricity from coal was affordable and available 24 hours a day.
Targets should not be pursued without better analysis of the possible impacts on energy security.
Coal workers must be supported in the transition to an economy less dependent on coal.
Attorney-General George Brandis flagged urgent changes to the Native Title Act on Monday.
Things may be really turning up when politicians go public in supporting coal.
That's the real world, that's real life, Canavan said.
Canavan was correct in identifying the contribution coal fired electricity.