Colton lease approved

IT WAS once bizarrely branded a “gas factory” by environmental activists but that aside, New Hope Coal has finally received state approval for its $300 million Colton hard coking coal project 10km north of Maryborough Queensland.

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New Hope's Colton project a step closer.

However, while the leases have been granted, the mine, which is expected to produce 500,000 tonnes per annum of coking coal over its eight to 10 year life, is no sure thing.

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