Clive Palmer has seen his IPO postponed once again, and the departure of a leading executive.
Waratah Coal's proposed $7.5 billion 'China First' coal mine in central Queensland has been fast-tracked by the Federal Government.
A delegation from the Metallurgical Corporation of China is currently in Queensland to visit the proposed development site of the Galilee Basin thermal coal mine.
Waratah Coal's $7.5 billion thermal coal project is expected to create more than 6000 direct jobs during construction and 1,500 during operation.
From modest beginning to coal reserve powerhouse, the Bowen Basin has come a long way in a short time. Fran Molloy writes for Australian Mining.