Adani’s $16b Carmichael coal mine gets sign-off

Posted: 15th Jun

Adani has given the green light to start work on the $16 billion Carmichael coal mine in Queensland’s Galilee Basin.

Chairman Gautam Adani announced he had signed off on the project in a statement on Tuesday.

“I am proud to announce the project has Final Investment Decision (FID) approval which marks the official start of one of the largest single Infrastructure – and job-creating – developments in Australia’s recent history,” Adani said.

Pre-construction work on the project is expected to begin in the September quarter, the AAP reported.

The company says the project will create 10,000 direct and indirect jobs, though opponents have challenged that claim.

Adani hit out at environmental activists who have challenged the project for years.

“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,” he said.

“We are still facing activists. But we are committed to this project.”

Meanwhile, the Australian Greens party have described Adani’s announcement as a publicity stunt to secure extra taxpayer funding for the project.

“(It) does not mean the mine will go ahead, it’s a grab for a $1 billion handout of public funds from the Northern Australia Infrastructure Facility,” Greens environment spokesperson Larissa Waters said.

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