Adani announces coal mine construction will begin

Federal Labor says Adani's Carmichael mine has failed to live up to its economic promises after the Indian mining giant announced it will self-finance a dramatically smaller project than originally planned.

Adani will finance the Carmichael mine itself
after failing to secure external finance.CREDIT:

Adani Mining chief executive Lucas Dow on Thursday said the scaled-back project would be "100 per cent financed" from within the Adani conglomerate, clearing a major hurdle for the highly contentious proposal.

It has been revised down to a smaller rail line project and coal volumes to reduce the investment risk.  Construction at the central Queensland mine site will soon begin, the company says.

Read the story from The Age by Nicole Hasham - “Adani announces coal mine construction will begin."

Adani shuns water trigger despite drought

Indian mining giant Adani is seeking to dodge federal scrutiny of its plan to build a pipeline pumping billions of litres of water from a river in drought-stricken central Queensland to feed its Carmichael mega-mine.

The road to Adani's proposed Carmichael coal mine west of Moranbah.

Labor says the move is nonsensical and casts further doubt over the coal project, which the party is under pressure to halt should it win government.

The $16.5 billion Carmichael project would be Australia’s largest coal mine and would open Queensland’s Galilee Basin to further coal development.

In a plan being evaluated by federal environment authorities, Adani wants to build a 61 kilometre pipeline to pump up to 12.5 billion litres of water a year from the Suttor River to the mine.

The project, known as the North Galilee Water Scheme, could also provide water to “other resource extraction projects” in the region such as the China Stone coal project, Adani says.

Read the story from today’s Age by Nicole Hasham - ”Adani shuns water trigger despite drought.”

Adani Carmichael mine to create 1464 jobs, not 10,000

Adani's Carmichael mine would be Australia's biggest.

Mining giant Adani has shrugged off accusations it exaggerated the number of jobs its massive Queensland coal mine would produce.

Environmental organisation Coast and Country seized on revelations in court on Monday the Carmichael mega-mine in the Galilee Basin would create an average of 1464 jobs per year, not the 10,000 jobs figure more commonly associated with the project.

The organisation is looking to block the mine in the Land Court of Australia, represented by lawyers from the Environmental Defenders Office Queensland.

Coast and Country spokesman Derec Davies accused the Indian mining giant of misrepresenting the numbers.

Read Jorge Branco’s story in The Brisbane Times - “Adani Carmichael mine to create 1464 jobs, not 10,000.”