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Aussie Big Coal Pumps $225Mn into Clean Coal R&D (Int'l, R&D)
Australia Minerals Council
Date: 2017-08-18
In the Land Down Under, the Australian black coal industry reports it will extend its Coal21 Fund for another ten years and invest an addition $255 million in the fund to further clean coal R&D.

Coal21, which was established in 2006 by the Australian Coal Association now merged into the Minerals Council of Australia, has to date invested $300 million in cleaner coal projects, including carbon capture and sequestration (CCS) initiatives at the Queensland Callide power plant in Victoria's Otway Basin.

The Coal21 Fund has also received $550m from the Australian and state governments and coal related industry. The fund is primarily financed by a levy on coal production at Australia's thermal and coking coal mines. Major players include Glencore, Rio Tinto, BHP Billiton and Peabody Energy. (Source: Minerals Council of Australia, The Australian, 16 Aug., 2017) Contact: Australia Minerals Council of Australia , +61 2 6233 0600, www.minerals.org.au

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