Britain postpones decision on new coal mine

Nobody likes taxes. However, when the super rich are stuck in forfeiting millions of dollars to taxes each year, they probably despise them even more than the average person.

SNL Energy provides its latest update on past and future coal unit retirements in the U.S. electric power sector. The analysis now includes more in-depth data on coal unit conversions to alternate fuels.

Welder at work.

The Guardian and ABC News led with the remarks in its coverage.

The US$3.4 billion project is expected to produce up to 5.5 million tonnes metallurgical coal per year and create 500 jobs in Queensland.

The sudden reversion to protectionism is designed to save the local coal industry.

The news comes as local miners argue that federal directives are redundant and lengthy.

It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.

The commodities trader and miner explored a stock-exchange listing Down Under.