Thursday, February 16

Opposing property sale for coal mine 'a lost cause'

The landowner who sold his central Queensland property to make way for the state's biggest coal mine says he did not have a choice.

Evan Acton has agreed to sell his Moray Downs cattle station, north of Emerald, for around $110 million.

The station has been in Mr Acton's family for around 20 years.

The property spans more than 300,000 acres, with a third of the land sitting directly above a massive coal deposit.

Indian mining giant Adani Group began negotiating to buy the land from Mr Acton two years ago.
Mr Acton says opposing the development would have been a lost cause and it was only a matter of time before he was forced to sell.

"You haven't got a lot of choice really - down the track they can go to the Land Court and do it, so it's better to make a friendly business decision than go to the courts over it," he said.


ABC News

Editor's Note:  No Choice??  I dont think so when there is $110M on the offer.  Now Queenslanders and their children will pay the price.

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