Antinuclear

Australian news, and some related international items

Queensland cabinet has decided not to grant a royalty holiday for the Adani Carmichael mine.

Palaszczuk rules out royalty holiday for Adani http://www.brisbanetimes.com.au/business/mining-and-resources/palaszczuk-rules-out-royalty-holiday-for-adani-20170526-gwe937.html  Felicity Caldwell, 27 May 17 

Queensland cabinet has decided not to grant a royalty holiday for the Adani Carmichael mine.

It comes after ongoing reports of tension between the Left and Right factions in the Palaszczuk cabinet over royalties for the Adani mine. Adani released a statement on Friday evening following news of the unanimous decision.

“Adani Australia will give urgent consideration of state cabinet’s decision tonight on a royalties arrangement for the $16.5 billion Carmichael coal mine project.”  “Adani will analyse the details when they have been formally provided (and) confirms again that it will pay every cent of royalties to the state as was always the case.”

Ministers were called to a cabinet meeting on Friday afternoon to make a decision on the issue. In a brief statement released at 5.29pm on Friday, Ms Palaszczuk said state cabinet had “unanimously agreed to a new policy approach for the future development of the Galilee and Surat Basins and the North West Mineral Province”.

“Under this new policy, the Adani Carmichael mine will pay every cent of royalties in full,” Ms Palaszczuk said. “There will be no royalty holiday for the Adani Carmichael mine.”

On Monday, May 22, Adani announced it would postpone its final investment decision on the $21 billion central Queensland project after learning the cabinet did not make a ruling on royalties.

Earlier this week, Ms Palaszczuk told journalists that cabinet would meet as usual on Monday, May 29. She did not flag the unexpected Friday afternoon meet-up.  More details would be released in “due course”, Ms Palaszczuk said.

Advertisements

May 26, 2017 - Posted by | climate change - global warming, politics, Queensland

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: