Collie urea plant get green light

The sale of Griffin Coal’s mining assets means financing can begin for the proposed urea plant to be built in the South West, according to Perdaman Chemicals and Fertilisers.

The sale of Griffin Coal’s mining assets means financing can begin for the proposed urea plant to be built in the South West, according to Perdaman Chemicals and Fertilisers.
Lanco Infratec, an Indian infrastructure group signed an agreement with the company yesterday to save the mining company who collapsed into administration in January with up to $1 billion owing
Perdaman will rely on coal from Griffin’s mines to power its proposed $3.5 billion dollar plant which is expected to be built in Collie next year.
The sale gives his company the green light to begin the financing phase of its project,  Perdaman’s Andreas Walewski said.
"It’s very timely, obviously it’s great news for the Collie community and for Griffin and obviously also for our project and it gives us some more certainty going forward."
 

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