NSW's new coal mine ban may cap long-term supply growth

The New South Wales (NSW) state in southwestern Australia decided to stop approving new greenfield coal mines in the future as part of its efforts to lower carbon emissions and meet net zero goals, according to a statement released by the Minns Labor Government on March 19.

"The government will not consider proposals for new standalone greenfield coal mines," the statement says. "Greenfield mines" refer to those developed from scratch, in contrast with "brownfield mines" that have once been exploited, Mysteel Global understands. NSW remains Australia's second-largest coal-producing state after Queensland, attracting large mining firms like Glencore,