Australian news, and some related international items

Queensland Premier sceptical that Adani coal mine will ever eventuate

We will believe it when we see it’: Palaszczuk on the Adani coal mine , Brisbane Times,By Felicity Caldwell, 30 November 2018 Queensland Premier Annastacia Palaszczuk has expressed scepticism about Adani’s announcement that construction on its Carmichael coal mine would begin.

Adani Australia mining chief executive Lucas Dow on Thursday announced the scaled-back project would be “100 per cent financed” from within the Adani conglomerate.

Ms Palaszczuk said the announcement was “very different to what we have been seeing” and she wanted more details. “There is no taxpayers’ money going into the building of that railway line, they have to have agreements with Aurizon, we haven’t seen any of that evidence as of yet,” she told the ABC on Friday morning.

“And, of course, we will believe it when we see it.”

Ms Palaszczuk said the success of Adani’s project would depend on whether the company met its milestones. “We’ve got a lot of companies that come and say we’ve got finance to begin things and it doesn’t happen,” she said. “I will believe it when it starts happening.”

Adani was previously seeking a $1 billion taxpayer loan from the Northern Australia Infrastructure Facility to finance a 388-kilometre rail line needed to move its coal to port for export.

However, Ms Palaszczuk announced she would veto the NAIF loan during the state election campaign.

In September, Adani announced it would save $1.5 billion by scaling down the rail line. It will now build a shorter narrow gauge line to connect with Aurizon’s existing rail plans……….

Greens Senator Larissa Waters said there was still time to stop Adani’s Galilee Basin mine.

“It’s no surprise they’ve announced that they’re going to fund their own mine; it’s because no one else will actually give them any money,” she said.

Greens MP Michael Berkman said Labor had issued the environmental approval and mining leases and set up a royalties deal. “We are so far beyond the point of being able to accept Labor’s ‘we’ll believe it when we see it’ kind of approach,” he said……….


December 1, 2018 - Posted by | climate change - global warming, Queensland

1 Comment »

  1. Reblogged this on jpratt27 and commented:
    It will never happen, if politicians don’t stop it people Power will.

    Comment by John | December 1, 2018 | Reply

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