Mining

Adani Group denies it is pulling out of Australia’s latest coal project

But speculation over the group’s future role in the project continues

 
By DTE Staff
Last Updated: Monday 17 August 2015 | 09:16:13 AM

Adani Group Chairperson Gautam Adani (Source: Wikimedia Commons)Indian mining giant Adani Group on Wednesday denied reports that it was pulling out of the Carmichael Project—Australia’s largest coal mining project that is proposed to come up in the state of Queensland.

“Adani has made a commitment to build a long-term future with Queensland that will deliver 10,000 jobs and $22 billion in royalties and taxes that will be reinvested back into community services,” an Adani spokesperson told the Sydney Morning Herald newspaper.

However, the company admitted that it had halted preparatory works for the project following a political dispute over mining and environmental approvals.

Sources told the Sydney Morning Herald that Adani has grown frustrated waiting for the Queensland government to both issue approvals for the mine and seek federal government approval to dump dredge spoil from mining operations at Abbot Point.

"It is important to note we are now into the fifth year of development and approvals and therefore the need to finalise those approvals and timelines is critical,” the Adani spokesperson told the newspaper.

Speculation over Adani’s future role in the project has been rife ever since The Guardian broke the story on Wednesday that four major contractors—WorleyParsons, Aecon, Aurecon and SMEC—had been advised to stop engineering works for the project's rail, mine and port arms.

Adani's Carmichael project has faced fierce opposition from environment groups because of the proximity of coal terminals at Abbot Point to the Great Barrier Reef.


M/s Adani Port and SEZ Ltd reply of Show Cause Notice for alleged violations dated 30" September, 2013 from Ministry of Environment & Forests

Subscribe to Weekly Newsletter :
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.

Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.