Australian news, and some related international items

Federal Minister For Coal, Matt Canavan, says that Adani Coal megamine project is now in jeopardy

Adani mine: Annastacia Palaszczuk’s loan veto decision ‘jeopardises mine project and jobs’ ABC, AM By Katherine Gregory, 6 Nov 17,  The Queensland Premier’s announcement that Labor would not support a concessional Federal Government loan for the Adani coal mine could stop the multi-billion-dollar project and jeopardises the thousands of jobs it would create, the Federal Coalition says.

Annastacia Palaszczuk made the shock announcement last night to eliminate any perceived conflict of interest after it was revealed her partner had links to the loan application.

Ms Palaszczuk has revealed her partner, Shaun Drabsch, worked on Adani’s application to the Northern Australia Infrastructure Fund (NAIF) with his employer, PricewaterhouseCoopers (PwC), which acted for the Indian mining company.

She said he worked on the project after it had received government approvals and although she had followed advice of the Integrity Commissioner, she said it was her decision to exercise her government’s “veto” to not support the loan.

The Indian mining giant is seeking $1 billion from the NAIF to build a rail link for its planned Carmichael coal mine in north Queensland.

The Premier, fighting for re-election on November 25, said she made the announcement because the Liberal National Party (LNP) in Canberra was poised to launch a smear campaign against her……..

Federal Northern Australia Minister Matt Canavan said the Premier’s decision could jeopardise the mine.

“The rules are clear here that for a loan to be made under the Northern Australia infrastructure facility, a state government must sign the project’s finance documents and co-operate with us………


November 6, 2017 - Posted by | AUSTRALIA - NATIONAL, climate change - global warming, politics

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