Rio Tinto pulls out from Abbot Point project
Rio Tinto has announced it has pulled out from the Abbot Point additional port capacity process, citing changes to the economic climate.
The announcement comes after the Federal Government delayed a final decision on the project for six months, a decision that the Queensland Government says informed the company’s choice to pull out from the project.
“I am seeking a meeting with Federal Environment Minister Tony Burke to discuss this bottleneck. It is very concerning that companies such as Rio Tinto are withdrawing from potential developments in part because of the time they wait for regulatory approval,” Queensland Minister for State Development Jeff Seeny said.