Shenhua Watermark Coal

Shenhua Watermark Coal is currently investigating the development of the Watermark Project on the Liverpool Plains near Gunnedah in New South Wales. Shenhua Watermark Coal is a subsidiary of Shenhua Australia Holdings which in turn is a subsidiary of the Chinese Shenhua Corporation.

The project, Shenua's first proposed overseas coal mine, is currently at the feasibility study stage. The project, and BHP-Billiton's Caroona Coal Project, have both encountered strong opposition from local farmers and residents. Despite this, in September 2011 the newly elected Liberal government led by Barry O'Farrell announced that both the exploration licences had been renewed. In the case of the Watermark project O'Farrell stated in a media release that the licence "will be subject to tougher conditions" to "ensure our valuable agricultural and water resources have much greater protection."

On its website Shenua states that Shenhua Australia Holdings Pty Limited and Shenhua Watermark Coal Pty Limited were registered in Australia in November 2008.

Contact details
Website: http://www.shenhuawatermark.com/

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