Money pit: NSW's $262m Shenhua deal a coal dud

Mike Foley
Updated August 22 2019 - 12:02pm, first published 6:00am
Sweet deal: Chinese miner Shenhua did a $262 million deal with the NSW government to buy the unwanted half of its Watermark coal exploration tenement at Breeza, on the Liverpool Plains. Photo: Rachael Webb
Sweet deal: Chinese miner Shenhua did a $262 million deal with the NSW government to buy the unwanted half of its Watermark coal exploration tenement at Breeza, on the Liverpool Plains. Photo: Rachael Webb

THE NSW government spent $262 million of taxpayers' money on a piece of an exploration tenement that had already been discarded by its owner, Chinese miner Shenhua.

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Mike Foley

Mike Foley

National rural reporter

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