($1 = 1.2958 Australian dollars)Reporting by Rashmi Ashok in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles. China Watermark Coal has tried to develop the A$1 billion thermal and semi-soft coking coal mine since 2008. The state government will pay China's Shenhua Energy (601088.SS) A$100 million ($77.17 million) to withdraw its mining lease application for the Shenhua Watermark Coal project in the Hunter Vally, north of Sydney, it said in a statement. How much is the deal for? Theyre just playing a game to suit themselves now.
Sahu is the editor of the decision for the coal project.
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