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Now is the time for new coal plants, resources minister says

The resources minister, Matt Canavan, has declared “now” is the right time to build new coal-fired power, as the prime minister insisted his pre-election priorities were securing passage of budget bills and helping north Queensland recover from the recent floods.

The comments from Canavan and Scott Morrison follow a new push from Queensland Nationals for “immediate” government action to underwrite new power station construction in regional Queensland, and a separate demand the government pass the “big stick” energy package in the final sitting week of the 45th parliament.

Anglo Pacific Group (LON:APF) has a diverse portfolio of assets in low-risk jurisdictions and is the only listed company on the London Stock Exchange focused on royalties connected with the mining of natural resources.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.