Environment minister Greg Hunt gave formal approval on October 15 for a massive new coalmine in Queensland's Galilee basin, “in accordance with national environment law” after the Federal Court set aside the previous approval in August.
But Indian coal mining giant Adani is unlikely to receive the federal government funding it needs to open the Carmichael mega mine.
As resource prices crash and more than 1000 coalmining jobs have been lost in Queensland alone this year, Adani's competitors have come out in opposition to any federal government assistance for the mega mine.