One of my favourite hobbies is to dig holes and then bury bones in there. It’s really fun, and it means my pesky owner won’t take it away from me.
So I’m not surprised humans like to dig big holes too. I heard there was a recent approval to dig a big hole called the Carmichael minein Queensland. I’ve heard it’s a 16 billion dollar project which will create thousands of jobs and produce up to 60 million tonnes of coal export a year.
But it’s not just a big exciting hole. The market value of coal has fallen dramatically in the last couple of years, and Australia’s biggest customers China and India haven’t been as keen on coal as they used to be. It also has failed to get support from major investors and the Queensland government. The mine has also been tied to significant impacts on the environment, including to climate change and the Great Barrier Reef.
However, lots of people need jobs and mining has been one of the biggest parts of the Australian economy in recent times. Some argue our coal is also much nicer than the rest of the world’s coal, meaning Australian coal will always be in demand.