Minister says ‘we’d be mad not to’ mine Galilee basin, despite report showing steep price drop from 2020

A senior federal minister has claimed new coal export figures strengthen the investment case for Adani’s Carmichael coalmine and the development of Queensland’s Galilee basin, but a report from his own department appears to show the opposite.

The Department of Industry, Innovation and Science released a report on Monday that included projections for global commodity prices and volumes.

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Read More Matt Canavan’s optimistic coal forecast contradicts his own department

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