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Adani Group aims to start mining Australian coal in 2020

Environmentalists are concerned that the development will threaten vulnerable species

P R Sanjai | Bloomberg 

Photo: Shutterstock
Photo: Shutterstock

The Group plans to begin extracting from the $16.5-billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. 

The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, chairman of the group, said on Friday. 

expects permission from Malcolm Turnbull’s government for the project in Queensland’s Galilee Basin as early as May, he said. Protests against Australia’s largest project had delayed production, prompting the company to cut underground capacity by 38 per cent. 

Environmentalists are concerned that the development will threaten vulnerable species including a lizard known as the yakka skink, as well as the Great Barrier Reef. The project was meant to fuel power generation for 100 million Indians and create 10,000 jobs in Queensland.

“Most of the approvals have gone through,” Annastacia Palaszczuk, premier of Queensland said in Mumbai on Friday, with present during the briefing. “We don’t believe there will be any obstacles for that final piece of legislation going through the federal parliament and environmental conditions have been attached as well.” Palaszczuk said.


Bloomberg

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Adani Group aims to start mining Australian coal in 2020

Environmentalists are concerned that the development will threaten vulnerable species

Environmentalists are concerned that the development will threaten vulnerable species
The Group plans to begin extracting from the $16.5-billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. 

The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, chairman of the group, said on Friday. 

expects permission from Malcolm Turnbull’s government for the project in Queensland’s Galilee Basin as early as May, he said. Protests against Australia’s largest project had delayed production, prompting the company to cut underground capacity by 38 per cent. 

Environmentalists are concerned that the development will threaten vulnerable species including a lizard known as the yakka skink, as well as the Great Barrier Reef. The project was meant to fuel power generation for 100 million Indians and create 10,000 jobs in Queensland.

“Most of the approvals have gone through,” Annastacia Palaszczuk, premier of Queensland said in Mumbai on Friday, with present during the briefing. “We don’t believe there will be any obstacles for that final piece of legislation going through the federal parliament and environmental conditions have been attached as well.” Palaszczuk said.


Bloomberg

image
Business Standard
177 22

Adani Group aims to start mining Australian coal in 2020

Environmentalists are concerned that the development will threaten vulnerable species

The Group plans to begin extracting from the $16.5-billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. 

The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, chairman of the group, said on Friday. 

expects permission from Malcolm Turnbull’s government for the project in Queensland’s Galilee Basin as early as May, he said. Protests against Australia’s largest project had delayed production, prompting the company to cut underground capacity by 38 per cent. 

Environmentalists are concerned that the development will threaten vulnerable species including a lizard known as the yakka skink, as well as the Great Barrier Reef. The project was meant to fuel power generation for 100 million Indians and create 10,000 jobs in Queensland.

“Most of the approvals have gone through,” Annastacia Palaszczuk, premier of Queensland said in Mumbai on Friday, with present during the briefing. “We don’t believe there will be any obstacles for that final piece of legislation going through the federal parliament and environmental conditions have been attached as well.” Palaszczuk said.


Bloomberg

image
Business Standard
177 22