Adani Carmichael mine to proceed despite possible govt change

Adani Carmichael mine not affected by Queensland government changeover

Queensland coal mining jobs still at Adani Carmichael mine despite LNP defeat

Originally published Feb 2015. You may have heard that the LNP was booted out of governing Queensland, but that will not affect the resolve of Indian mining giant Adani to carry on building Queensland’s largest coal mine, the Adani Carmichael mine.

The Liberal National Party were supportive of Adani’s Carmichael mine project in the Galilee Basin, with promises of tipping 300 million to invest in a railway connecting the mine to the port of Abbot Point.

However, as with any change in government, the situation can change and Labor has already stated the Carmichael mine project must be self-sustaining and the new government will not commit taxpayers money towards it.

Despite the historic change in the Queensland government; Adani says it will work with the new government to build the mine.

“The result of the Queensland election does not influence the company’s financial decision-making,” Adani CEO Jeyakumar Janakaraj told AAP.

“The company will work with every partner and every government in ensuring these important projects proceed.”

Mr Janakaraj said Adani’s decision to go ahead with the Carmichael mine had been determined on the cost basis of the project.

“Importantly, the mine at Carmichael … will be within the first quartile of the cost curve,” he said.

There’s also uncertainty about the expansion of the Abbot Point port, which is planned as the export terminal for the mine.

There is already federal approval to dump dredge spoil in the Great Barrier Reef Marine Park, although Labor Leader Annastacia Palaszczuk said she would seek further legal advice about the approval.

The massive Carmichael mine mine when completed, will be the biggest coal mine in Queensland and if it goes ahead, is expected to create permanent employment for thousands of Queensland miners.

Queensland is Australia’s biggest coal-producing state, exporting almost half the country’s total last year.