Adani Group says Qld election results will not influence decision on Carmichael mine
Feb 2016: Adani Group has said the construction of Australia’s biggest coal mine, the Carmichael mine, will go ahead despite last week’s political results in Queensland. This is in spite of the Labor Party’s decision to remove taxpayer support for the project.
“The result of the Queensland election does not influence the company’s financial decision. Adani welcomes the opportunity to work with the new premier to meet and discuss a project that will deliver 10,000 jobs and $22bn in taxes and royalties that the Queensland government needs to invest right back into front line services in the state,” the Adani Group said in a statement here.
The previous Liberal National Party government had promised funds for the 300 km rail line to move coal from Carmichael mine in the Galilee Basin to the Abbot Point port.
The Labor state government of Queensland also opposes “Reef dumping” under the “Saving the Great Barrier Reef” and has committed to banning the sea dumping of dredge spoil within the Great Barrier Reef World Heritage Area.
Ensuring that the Adani Carmichael mine projects goes ahead
Adani chief executive Jeyakumar Janakaraj said the company will continue to work with every partner and every government in ensuring that the Carmichael coal mine project goes ahead.
He said that Adanis’ decision to proceed or not to proceed with this important investment was based on one thing only — the cost and RIO of the project.
Importantly, he said that the mine at Carmichael will be where the first costs are created in the initial development program.
Carmichael mine production is expected to begin in 2017
Coal production at the $16 billion Adani Carmichael mine is expected to begin in 2017. Forecasts of some 60 million tonnes of coal a year is the target for export direct to India.
“permanent mining jobs in the state”
At iMINCO, we’ve followed the progress of the Adani Carmichael mine project since it was first proposed. This is a significant mining project for Queensland and one where thousands of people will once again find permanent mining jobs in the state.
If you’d like to get more information on the development of the mine, find out who the major contractors are, and follow up-to-date press releases from Adani, then subscribe to iMINCO Project News. The iMINCO editorial team are in constant contact with the Adani Group developments in Queensland.