KOLKATA: Adani Group’s $16.5 billion Carmichael mine project in Australia is expected to generate around $22 billion in state mining taxes and royalties in just the first half of the project life, the group said in a statement on Friday.
“The benefits will extend locally, regionally and across Queensland providing much needed job opportunities. It will assist public funding to help deliver schools, hospitals, roads and other services and stimulating activity throughout the economy,” the company said.
Yesterday, cricket legends Ian and Greg Chappell and other prominent Australians in an unusual move had written to Adani to abandon the controversial coal mine project in Queensland, warning it could damage bilateral ties and even hit sporting links. Read the full article here.
Last year, the Queensland state’s department of environment and heritage protection issued a final environmental authority for the mine project in the Galilee Basin.
“Adani group is confident of fulfilling the strict conditions placed on the environment assessment, including extra requirements based on the land court’s recommendations and ensure this mine will not pose an unacceptable risk to the environment,” it said.
Earlier in the day, the premier of Queensland, Annastacia Palaszczuk who visited Mundra PortBSE 0.02 % said: “My visit here shows that Queensland supports the Adani project for its potential to create many jobs for regional Queensland and will also help boost the Indian economy. Queensland will also be part of the solar project of Adani and we are delighted to be part of Adani in that project too.”
“The Carmichael mine will help bring energy security to millions of Indians who do not have access to electricity. The Adani group is committed to nation building projects in the energy and infrastructure space which will create economic and social benefits for people of India and Australia,” said Gautam Adani, chairman, Adani Group.
The premier’s visit is also significant in terms of Indo-Australian trade partnership as it lays a foundation stone of trade and commerce, especially in natural resources. The project involves construction of a near-400km rail line from the Carmichael mine site to the Adani owned and operated bulk coal-loading facility at AbbottBSE -2.46 % Point near Bowen.
“Adani will use mining support services from Mackay-Bowen region, Rockhampton and Townsville have been shortlisted by Adani as a Fly In Fly Out hub. The Mackay-Bowen region will also provide Adani with port services, as well as become the HQ for Adani’s rail and port operations.” said Jeyakumar Janakaraj, CEO, Adani Australia.
Adani Group ventured into Australia in 2010 with the purchase of the Greenfield Carmichael coal mine in the Galilee Basin, Central Queensland, and the Port of Abbot Point near Bowen in North Queensland.
“Our vision is to operate a vertically integrated model – with the extraction of coal from our Carmichael Mine, transported by rail to Abbot Point, and exported to meet consumer and business demands in offshore markets. The project will build Australia’s largest thermal coal mine in the north Galilee Basin approximately 160km north-west of Clermont in Central Queensland, linked by a standard gauge North Galilee Basin Rail Line to two terminals at Abbot Point Port near Bowen,” the Adani statement said.