A massive Australian coal export deal with China, seen as boosting the economy and creating jobs, would ultimately result in enormous greenhouse gas emissions, The Greens political party said Sunday. Australian miner Resourcehouse announced Saturday it had secured a 60-billion-US-dollar deal with energy-hungry China to ship 30 million tonnes of coal a year from a proposed mine in Queensland. [1]

Australian mining company Resourcehouse announced Saturday it reached a record $60 billion coal supply agreement with Chinese power stations. The project will include a large thermal coalmine in the Galilee Basin, as well as four underground mines, two surface mines and associated coal handling and processing facilities. While the Export-Import Bank of China has agreed to contribute $5.6 billion for the construction plan, Palmer emphasized that the project is 100-percent Australian owned. [2]