Coal mining land bought back by local farmers in northern NSW

Rich agricultural land owned by Chinese mining giant Shenhua has been bought back by local farmers in the northern NSW food bowl.

The deal has been struck after the NSW government paid the company $100 million to stop its plans for a coal mine last year.

More than 16,000 hectares near Gunnedah had been owned by Shenhua for 10 years and is now being handed back to 12 local farming families and one corporate body in a $120 million sale.

The new owners plan to fill the land with sheep, cattle and cropping production.

More to come.

Posted 7m ago7 minutes agoMon 10 Jan 2022 at 2:13am, updated 1m ago1 minutes agoMon 10 Jan 2022 at 2:19am

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