Australia in limbo over coal mining versus reef preservation issue

A dumping permit would allow a major expansion of the port of Abbot Point for two Indian firms and Australian billionaire miner Gina Rinehart, who together have $16 billion worth of coal projects in the untapped, inland Galilee Basin. The Galilee Basin could double Australia's thermal coal exports and see it overtake Indonesia as the world's top coal exporter, further fuelling China's power plants and steel mills that have underpinned Australia's decade-long mining boom.

If the permit is not granted it would add to uncertainty over $28 billion in proposed Galilee Basin projects, already delayed due to difficulty raising funds with coal prices down.