More Federal Court pressure on Adani’s Carmichael mine from traditional owners
Adani executives ‘king hit’ by aboriginal elders
Adani executives must be asking themselves if their proposed Galilee Basin coal mine, the $16 billion Carmichael mine, is worth all the aggravation. Ever since the Federal and Queensland governments approved the development of the huge thermal coal mine, every obstacle has been placed to slow or even stop the development going ahead.
There’s arguments for and against the mine, which has been slated to produce over 60 million tonnes of export coal each year, exiting through the Great Barrier Reef.
It is this fact, as well as the development of the mine on pristine agricultural land in Queensland that has environmentalists up in arms.
In the red corner this week are the Indigenous traditional owners of central Queensland’s coal rich Galilee Basin, the Wangan and Jagalingou Family Council who have launched a Federal Court challenge to the Adani Carmichael mine development.
The traditional owners said they will stop the $16.5 billion Carmichael mine development, the biggest in Australian history, saying it will negatively impact traditional lands.
The court action is aimed at challenging a decision by the Australia’s National Native Title Tribunal that the state government could issue mining leases for Carmichael.
The Australian Federal Court challenge is but part of a two-pronged attack by traditional owners because they’re also visiting banks and other financial institutions in the United States, urging them to stop any funding for the mine.
Adani’s won’t walk away without a fight
At iMINCO, we have a pretty good idea where the next Queensland mining jobs are going to be created. Adani has invested over a billion dollars to date on logistical infrastructure to make the mine a reality.
The Indian-based company is not giving up its fight to develop the Carmichael coal resource. It has already been lining up international buyers to take a large proportion of the Galilee Basin coal off its hands.
Adani intends to use the rest of the coal to fire up thermal coal power stations across India. The Indian government has made a pledge to its high percentage of impoverished people to lift them out of poverty and restore their national pride in the country.
Bold words and firm action
Bold words like that need to be backed up by firm action on behalf of the Indian politicians and its large corporations who have millions of eyes watching over them to make sure their promises are fulfilled.
Which ever way you look at it, the Adani Carmichael coal mine in Queensland is pivotal in the development of the state’s coal industry. In an era where jobs and mining employment fell dramatically over the past couple of years, there’s a lot riding on the development of this mine; which could create thousands of full-time mining jobs in Queensland as well as rake in billions of dollars in royalties and taxes for the Queensland government.
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LATEST Adani NEWS: June 2015
NEW DELHI : The Adani group has received sanction from the Gujarat High Court for restructuring its different companies under the scheme of demerger.
The restructuring would include Adani Enterprises Ltd, Adani Ports, Special Economic Zone Ltd, Adani Power Ltd, Adani Transmission Ltd and Adani Mining Private Ltd.
Post restructuring Adani Enterprises would run the mining operation while the port and power business would be demerged out of the flagship firm, the two demerged company would be listed as power and port subsidiaries.
Yet another indication that Adani are a powerful and influential global conglomerate with significant funds to fight for its right to mine in Queensland.