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Coal is the future

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US climate scientist, James Hansen, believes that coal “is the single greatest threat to life on our planet”. Such extremism cuts little ice in Asia; Australia and Indonesia are riding on the back of an Asian coal boom says Melbourne based Project Monitor.

  

In 2010, for the first time, South Africa’s coal exports to Asia will exceed those to Europe.
And even New Zealand is benefiting it says.
In Queensland, Hancock Prospecting is to spend more than $10bn on two thermal-coal projects, with production to exceed 50m tonnes per year by 2015.
Also in Queensland, QCoal has four projects on-the-drawing-board, to produce 20m tonnes per year, of mainly coking coal
In East Kalimantan in Indonesia, UK company Churchill Mining is completing a feasibility study of a thermal-coal operation (to include a 160km conveyor from mine to port) that will produce more than 30m tonnes a year.
In East and Central Kalimantan, BHP Billiton announced plans in March 2010 to develop several major deposits, containing thermal and coking coal.
And by late 2011, production will start at a small operation, Buller Coal, in the south island of New Zealand.
These are but a few of the coal projects planned in the region.
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