Indian energy giant Adani's
controversy-hit Carmichael coal mine project
in Australia may not receive a
A$900 million (900 million Australian dollars) after the Labour party- led
Queensland government said it will exercise its veto to not support the
The A$16.5 billion Carmichael coal mine project, one of the world's largest, will start construction after being given
the green light by the federal and Queensland state governments.
The Adani group had
applied for Northern Australia Infrastructure facility loan (NAIF) worth A$900
million for building a train line to connect its mine to the coast.
Earlier this month before the Election Day, Queensland Premier Annastacia
Palaszczuk announced that her Labor party would veto the NAIF
loan if it retains the power in the state.
However, after reports of conflict of interest emerged, Palaszczuk said her
government will exercise its 'veto' to not support the NAIF loan to remove
doubt about any perception of conflict.
"This afternoon I announce that my government has had no role to date in
the Federal Government's assessment process for Adani -- now we will have no
role in the future," she said and denied any conflict of interest.
"To action my decision, I propose to write to the Prime Minister to notify
him that my government will exercise its 'veto' to not support the NAIF loan --
and to remove doubt about any perception of conflict," she was quoted by
'The Australian' as saying.
Yesterday, media reports said that Labour could form a majority government with
Palaszczuk on track to win the necessary 48 seats.
A spokesman for the premier was quoted by a media report as saying that it was
now up to Adani to ensure the project was financed.
"We expect them to get on with it," he said.
Palaszczuk's team has won 43 seats in the 93 seat parliament and is leading in
four of the undecided electorates, which would be enough to form the
government. More than 8 lakh people voting before election day, according to
the Queensland Electoral Commission.
Meanwhile, in a statement released 27 November 2017, Adani said job creation
for regional Queensland was well underway across Adani's mine, rail and port
It also announced the next step in its regional employment strategy which would
involve Downer Group, the major mine contractors, who will be touring parts of
regional Queensland to meet directly with jobseekers at employment fairs over
the next several weeks.
Adani said it hoped that this regional employment roadshow will help to create
a positive outlook for the regions moving forward into 2018.
"As our project continues to move forward, we are excited to bring
regional Queensland workers on board to help us start building our mine, rail
and port projects," said Jeyakumar Janakaraj, CEO and Country Head of the
"Groups hoping to stop us have failed, because we have already
started," he said.
The Carmichael project, expected to create hundreds of jobs in Australia, has
been facing opposition from environmentalists and indigenous groups.
The Indian energy giant has for more than five years battled the opposition to
any expansion of the Abbot Point port, saying it will cut into the Great
Barrier Reef World Heritage Area.
The Adani group entered Australia in 2010 with the purchase of the greenfield
Carmichael coal mine in the Galilee Basin in central Queensland, and the Abbot
Point port near Bowen in the north.