ESG

"Everyone is sick of the [Adani] delays"

Queensland's Labor premier has called for a timeframe by the end of this week to resolve two outstanding approvals for Adani's proposed coal mine, after the weekend's federal election showed a strong swing to the Liberal-National coalition in the state.

Staff reporter
 Adani has asked the Queensland government to “stop shifting the goal posts”

Adani has asked the Queensland government to “stop shifting the goal posts”

Premier Annastacia Palaszczuk instructed the Coordinator-General to also take a stronger oversight role and ensure neither party was responsible for unnecessary delays in the approvals process.

"The community is sick of it, I'm sick of it, everyone is sick of the delays," she said.

Palaszczuk had vowed to block federal funding for the large-scale coal project in 2017. 

Adani Mining's proposed Carmichael coal mine has been mired in controversy, facing opposition from environmentalists and traditional owners and failing to get funding support from Australian banks.

Instead parent company, India's Adani Group, said in November it would solely fund a smaller 27.5 million tonnes per annum operation, reportedly costing $2 billion, rather than the planned 60Mtpa mine.

Adani Mining CEO Lucas Dow said yesterday the company had been asking for clarity on the Queensland approvals process for its management plans, which had already been approved federally, for more than seven months.

"Stop shifting the goal posts and let us get on with delivering these jobs for regional Queenslanders," he said.

Meanwhile a Chinese company has abandoned its bid for a mining lease for its proposed thermal coal mine about 30km from Carmichael, the ABC reported, with analysts believing the project was no longer aligned with China's interests in coal and was financially unviable given the difficulty companies faced gaining finance for coal developments.

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