Adani’s Galilee Basin project mine leases approved
Sydney Morning Herald
Carmichael coal mine: Mining leases approved for $21 billion project in Queensland’s Galilee Basin
Adani coal mining project could begin construction in 2017
Three headlines in the major newspapers and online signal a new era for Queensland coal mining in 2016. The long awaited Adani thermal coal mine in the Galilee Basin, about 350 km west of Mackay has finally been given the green light by the State government. With this latest announcement, comes the reality that the Galilee Basin project is one step closer with the† approval of three Adani mining leases.
It has been a long fight for approvals to begin constructing the mine for Indian-based Adani. They giant power and energy company finally secured final environmental approval and had also reached a financial settlement on compensation payouts with a Galilee Basin landholder last month.
“We are talking about thousands and thousands of jobs”
Queensland government supports Adani and mining jobs creation
The Queensland Premier said her Queensland Government supports this project. “We want to see jobs. We want to see economic development and also at the same time we want to see the environment protected”.
I have now decided that the benefits outweigh those challenges and those benefits are for jobs here in northern and central Queensland, jobs that are very important for the Queensland economy. Standard 11 Mining Induction Townsville
Mining and construction jobs at Adani
An Adani spokesman said, with the leases now approved, construction on the Carmichael thermal coal mine could start in 2017.† Civil works will centre around the massive rail project which will transport the majority of the coal to Abbot Point, where new port facilities will be constructed. Additional power, water, roadworks and the airport are also high on the agenda.
Carmichael mine overview
- $21.7 billion – Total value of six open-cut mines and five underground mines
- 90 years – Life of entire project
- 60 million – Tonnes a year for power generation
- 4875 jobs – 1075 in construction and 3800 in operation
- 1520 – employed building and operating rail line
- $4.1 billion – Boost to Queensland economy
- Massive taxes and royalties to Queensland
The mine has a few secondary approvals that have to be signed off† before the Carmichael mine can go full steam ahead. One of the biggest is a financial assurance between the company and the Department of Environment and Heritage Protection. This centres around Adani making sure the mine site environment is returned to its former state when mining ends.
Adani’s CEO said he was confident the secondary approvals will take place in 2016 and forecasts construction beginning in 2017.