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Adani urges Australian government to give 'fair go' for coal mine project

Coal News - Published on Fri, 19 Apr 2019

Image Source: Hindustan Times
PTI reported that Adani has urged the Australian government to give its controversial coal mine project a fair go and indicated that the opposition party would not derail the proposed billion dollar project if it comes to power. Gautam Adani-led Adani Group entered Australia in 2010 with the purchase of the greenfield Carmichael coal mine in the Galilee Basin in central Queensland, and the Abbot Point port near Bowen in the north. The massive coal mine in Queensland state has been a controversial topic, with the project expected to produce 2.3 billion tonnes of low-quality coal.

Adani Mining CEO Mr Lucas Dow, told Australian Broadcasting Corporation ''All we're every asking for a fair go and to be treated like everyone else. I think at certain points, that have not been the case. We're certainly not whinging about it. We just want to get on with it now. We want a fair go. Sort of scrutiny that the project was facing on the management plans was unprecedented.”

Commenting if the mine project could run any risk if the Labor Party comes to power, Mr Dow said "I think Federal Labor has been crystal clear that if they are to form government they won't be in the habit of creating sovereign risk by ripping up the existing approvals."

He said that he was satisfied by recent assurances given by Opposition Leader Bill Shorten and his Treasury spokesman Chris Bowen.

He added that "Shorten and Bowen have been at pains to say...they won't be creating sovereign risk and potential compensation requirements."

Mr Dow denied directly lobbying with the Prime Minister for the final approval before the election announcement and said, ''We provided updates on both sides of politics, to be able to give people clarity in terms of exactly where our project was up to, what we need to be able to do, to be able to then step in and start delivering jobs for thousands of Queenslanders.''

The Adani project which still require to clear few more approvals from the Queensland Government, including groundwater modelling, recently received the clearance from federal government for development.

The mine previously estimated at about USD 2.9 billion.

Source :

Posted By : Rabi Wangkhem on Fri, 19 Apr 2019
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