B&E| Queensland Premier Pledges New Support for Indian Mine Project in Australia
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B&E| Queensland Premier Pledges New Support for Indian Mine Project in Australia

Australia's Queensland Premier, Annastacia Palaszczcuk, has reconfirmed her support for the $16.5 billion Carmichael mine, coal, and rail project that is due to start in her region soon. The Adani Group, the Indian infrastructure conglomerate behind the Carmichael project, says it will generate 10,000 direct and indirect jobs for the people of Queensland. The coal from the mine will also be used to generate power for 100 million Indians. 

On a recent visit to Mundra Port and power plant in India - created by the Adani Group and hailed as the greenest port in the country - Ms. Palaszczcuk and her delegation said they were impressed with what Adani has achieved there, and she reaffirmed her support for Adani's Queensland development. 

"All the regional Mayors and by me being here with them shows very clearly that Queensland support the project in relation to creating jobs for regional Queensland and we know that the energy in supply is needed here to help boost the Indian economy and Queensland is a small part of that. But, I also hope that Queensland can be the larger part when it comes to Solar and Agri-business," said, Ms. Palaszczcuk, the Queensland's Premier.

The Adani Group has already invested $3.3 billion in the coal mine, railway, and the port project in Australia. Last year, the Queensland state's department of environment and heritage protection (EHP) issued a final environmental authority (EA) for Adani's Carmichael mine project in the Galilee Basin. The EA application was vigorously assessed by the department and acted on recommendations made by the land court. The Adani Group says its now confident it will fulfill the strict conditions placed by the EA and can ensure this mine will not pose an unacceptable risk to the environment.

CEO of Adani Mining Australia Jeykumar Janakaraj says:

"We have shown our targets in renewable business, we have shown our targets in agribusiness, we have shown our keen interest in Australia. Even when the chips were down we kept saying that this project will go forward... [...] ... I think people of regional Queensland need this project, and we have enormous support from the Government at State and Federal level"

The Carmichael project will build Australia's  largest thermal coal mine in the north Galilee Basin approximately 160km northwest 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 benefits will extend locally, and regionally across Queensland, providing much-needed job opportunities and generating around $22 billion in state mining taxes and royalties in the just the first half of the project life. This will assist public funding to help deliver schools, hospitals,  roads and other services and stimulate activity throughout the economy.

Source: Thomson Reuters