07 Jun Adani chairman gives final approval to contentious Australian coal mine
The chairman of Indian mining giant, Gautam Adani, has given the final investment approval to the controversial Queensland Carmichael mine, marking the “official start” of the large-scale project.
The coal project has descended into a long-running dispute regarding Native title in the area surrounding the Galilee Basin, along with various environment complaints.
However, the opening of Adani’s regional headquarters in Townsville by Queensland’s Premier Annastacia Palaszczuk marked a significant point in the development of the project.
“We have been challenged by activists in the courts, in inner-city streets, and even outside banks that have not even been approached to finance the project,” said Adani.
“We are still facing activists. But we are committed to this project.”
Adani added that the US$16.5 billion project would generate 10,000 direct and indirect jobs, with pre-construction works set to start by the third quarter of 2017.
The firm is also prepared to award contracts totalling over $150 million for a 388km railway link between the mine site and the Abbot Point port.