Adani & GVK mine development - Queensland govt approval

Adani & GVK mine development gets Queensland govt approval

Port expansion approvals from QLD government means Galilee Basin mega-mines become a reality

Adani Enterprises and GVK have big plans to develop mega mines in the Queensland Galilee basin. These mines will be among some of the biggest in the world and will create thousands of long-term jobs for Queensland residents. Today the Queensland state government formally approved the expansion of Abbot Point for their coal mining projects.

“$16.5 billion Carmichael mine”

Adani can now proceed with its plans to finance the development of its $16.5 billion Carmichael mine. Gina Rinehart, who is a shareholder in the Hancock Prospecting and Indian-based GVK joint venture coal mine project in the Galilee Basin, can forge ahead with plans to develop the $6 billion Alpha mine.

Both mining companies have committed to building coal loading facilities and rail networks from their mines to the coast, which is as much as 500 kilometres away. Adani`s project is set to be Australia`s biggest thermal coal mine.

The issues of Green groups opposed to the building of these mega-mines was that it would involve dumping 3 million cubic meters of soil dredged at Abbot Point port into the Coral sea, which is only 15 miles from the Reef. The Australian federal government had previously banned dredging around the Reef because of environmental concerns.

As was previously discussed by all parties, the disposal of the dredged soil will be dumped on land close to the port.

The new approval opens up the way for the Adani Carmichael mine and GVK’s Alpha mine to move forward rapidly, with 1000’s of jobs on the way.

Adani Australia CEO Jeyakumar Janakaraj said in a statement he welcomed today`s announcement as it demonstrated the priority the government has placed ensuring economic development goes ahead in Queensland. All of which was subject to robust environmental conditions, checks and standards.

The new Queensland government has said that the government will lend its support to promoting the projects, however is was reticent to provide funding. The previous Liberal state government had earmarked 300 million dollars of taxpayer funds to help finance the Abbot Point expansion and the rail link to Adani`s Carmichael project.

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