Australia grants Adani Carmichael approval

Australia grants Adani Carmichael approval

Australia has approved construction of Adani’s Carmichael project, one of the world’s biggest thermal coal mines.

Queensland’s government announced it had sanctioned mining leases for the Indian group’s Carmichael coal, rail and port project which is expected to cost US$17 billion.

However the state government said dredging of a nearby port could not begin until the Adani Group had demonstrated it has sufficient finance for the project.

“This is a major step forward for this project after extensive government and community scrutiny,” said Queensland premier Annastacia Palaszczuk.

Adani has estimated the project will generate more than 5,000 jobs during peak construction and at least 4,500 once fully operational.

Adani Group chairman Gautam Adani, said in a statement: “This final key approval reflects the confidence of both sides of politics, at both the national and state level, have in our commitment to delivering major projects that will help drive exports and jobs in Australia, while delivering energy security in India.”

@RGNonline