Agreement reached on royalties pact for Australian coal mine, claims Adani

Company will now consider making a final investment decision at its next board meeting

Indian energy giant Adani Group said today that it has struck a deal on 'royalties payments'with the Queensland government for its 21.7billion dollars coal mine project in Australia, a major breakthrough for the controversy-hit Carmichael venture. 

According to the company statement, the deal with the statehas met Adani's expectations and requirements and the move would mean that the project was back on track to generate 10,000 direct and indirect jobs in the regional state.

"This shows a strong commitment by the State government to the project and is a benchmark decision to take this project forward," the statement said. 

"I thank the Premier,