[56] Standard Chartered provided financing to the project, but Adani ended the bank's advisory contract. Response to Terms of Reference for Commonwealth Grants Commission 2015 Methodology Review", "Hey, big spender: why Campbell Newman loves his election hard-hat", "Gautam Adani says Queensland to co-invest in Australia project, govt defends SBI loan – Firstpost", "Rail line deal could cost taxpayers $1 billion-plus " Curtis Pitt MP ::: State Member for Mulgrave", "Adani underlines commitment to Galilee Basin coal mine plans", "Queensland Labor backs Adani's Carmichael coal project", "State won't say why it wants federal funding for coal project", "Government offers concessional loans for northern development", "Federal budget 2015: Northern Australia to receive $5 billion in infrastructure loans", "Frequently asked questions | Northern Australia Infrastructure Facility", "Abbott government hints Adani could be considered for rail funding", "Federal court asked to overturn Adani mine approval due to impact on Great Barrier Reef", "Adani Mining Pty Ltd v Land Services of Coast and Country Inc & Ors [2015] QLC 48", "Can the catastrophic fires bring some sanity to Australian climate politics? Coast and Country, represented by Environmental Defenders Office Queensland, brought a case to the Queensland Land Court. [22], By mid August 2015, Adani had ceased commercial relationships with a number of engineering contractors and banks. Blackwater produced the most PM 2.5 particulates (2.5 micrometres or less in diameter) in Australia, with 480 tonnes, followed by Peak Downs (418 tonnes) and Saraji, near Dysart, with 403 tonnes. As of November 2019[update], the Adani Group is set to receive a seven-year royalty deferral worth $900m, and over $4.4 billion in total tax exemptions, deferrals and capital subsidies from Queensland taxpayers for the life of the Carmichael mine. "[84] In August 2015 the ousted Abbott government was considering using this fund to ensure the Carmichael rail line is built. [31] This 388 kilometres (241 mi) standard-gauge rail line would provide capacity of 100 million tonnes of coal per year, increasing access to the Galilee Basin. [16], In July 2014, federal Minister for Environment, Greg Hunt, approved the mine to proceed after 36 conditions were stipulated. [50] In 2016, the CEO of Mine Operations, JJ Jakanaraj stated "We will be utilizing at least 45, 400-tonne driverless trucks. It will argue will argue that "the government made an error of law in determining that the water trigger applies only to infrastructure that is directly involved with extracting coal", and further that "the pipeline is essential infrastructure to service the coal mine and it would not be built at all if not for Adani’s mine. [17] It is required to return only 6% of this water in the first five years. THEY say big things come in small packages, and this tiny creature could be the key to derailing the biggest coal mine in Australia. [61] In August 2017 the remaining bank Australia and New Zealand Banking Group distanced itself from Adani and announced a strategic shift away from coal. [71], As of 2017[update] Australia's mining industry put "well over half a billion dollars into lobby groups that push coal and fossil fuels" .[72]. [121], As of 2015 the government was seeking to change the law to prevent 'third parties’ from bringing cases where they are not directly impacted by the proposal. The largest gold mine outside of Western Australia, Evolution’s Cowal mine is located 350km west of Sydney, in New South Wales. It has been owned and operated by Australia’s biggest coal producer and exporter BHP Billiton Mitsubishi Alliance (BMA), a joint venture between BHP Billiton and Mitsubishi since 2001. Queensland Mining and Energy Bulletin (April 2019): Institute of Energy Economics and Financial Analysis, Northern Australia Infrastructure Facility, Environment Protection and Biodiversity Conservation Act 1999, Environmental Defenders Office Queensland, "Adani on track for first Carmichael mine coal exports in 2021", "Carmichael Coal Mine and Rail Project: Project Overview", "Adani's new mini version of its mega mine still faces some big hurdles", "Mineral Resources (Galilee Basin) Amendment Bill 2018", "Rural electrification in India: Galilee Basin coal versus decentralised renewable energy micro grids", "Largest coal mine in Australia: federal government gives Carmichael go-ahead", "Adani faces new hurdle over huge water plan in drought-ravaged Queensland", "Bau Australien: Greta Thunberg fordert Siemens zur Aufgabe von Kohle-Projekt auf", "Adani coalmine: Siemens CEO has 'empathy' for environment but refuses to quit contract", "Carmichael Coal Mine and Rail Project declared 'significant project, "Adani Mining Pty Ltd – Carmichael Coal Mine and Rail Project – Initial Advice Statement, 22 October 2010", "Carmichael Coal Mine and Rail Project SEIS Volume 2 – Mine Studies", "Coordinator-General decides on Galilee Mine", "Carmichael coal mine means more jobs, less water for Queensland", "Abbott Point dredge dumping plans on the rocks", "Abbot Point port developers to ditch Great Barrier Reef seabed dumping pla", "$16 billion Carmichael coal mine approval set aside over 'technical matter, "Coalition will take six to eight weeks to revise its Carmichael coalmine approval", "Adani suspends two Australian coal project contractors: Report – Business Today", "Adani starts construction at Carmichael project", "Wangan and Jagalingou – Standing Our Ground", "Strictest conditions on Carmichael Coal Mine project", "Carmichael Coal Mine and Rail Project SEIS- Report for Water Balance", "Adani, POSCO E&C sign pact to develop rail line in Australia", "Adani scales back Carmichael rail link plans", "$5 Billion Northern Australia Infrastructure Facility Cash For Mines", "Setback for Adani as Aurizon withdraws loan request for rail line", "Climate activists target Siemens over Australia coal project", "Germany's Siemens to fulfill Australia coal mine contract", "Carmichael mine FIFO workforce to come from Townsville, Rockhampton", "Queensland councils to pay at least $31m for Adani coalmine airstrip", "Queensland councils say they won't own Adani airport despite paying $34m", "$18.5 million proposed for Carmichael Airstrip will be used for shovel ready projects", "JOINT REPORT to the Land Court of Queensland on "Climate Change – Emissions", (2015) Adani Mining Pty Ltd (Adani) v Land Services of Coast and Country Inc & Ors", "Complaint lodged with ASX over Adani job claims for Carmichael mine", "PM:Stopping Adani mine 'bad for the country, "Adani Carmichael mine to create 1464 jobs, not 10,000", "Fact check: Will Adani's coal mine really boost employment by 10,000 jobs? This is because alternative supply will be sourced elsewhere to meet global demand if the mine is not approved. [32][33] Authorities suggested the line be financed by the Northern Australia Infrastructure Facility (NAIF),[34] though the Queensland provincial government rejected a funding request in November 2017. Some have encouraged customers to switch bank accounts and mortgages away from the large banks funding coal projects. [6] The proposal includes a new 189-kilometre (117 mi) rail line to connect with the existing Goonyella railway line. [12] The majority of the mine lies within the Isaac Region, with a small portion in the Charters Towers Region local government area. [38] In the same date, the councils of both cities announced investments for a new airstrip close to the mining site to allow the transit from the proposed hubs,[38] with up to 31 million AUD[39] or 34 million AUD[40] of total public investment between both institutions. The original plan was to build a 60Mt-a-year mega-mine, which would have made it one of the largest in the world. The mine has drawn immense controversy about its claimed economic benefits,[7] its financial viability, plans for government subsidies and the damaging environmental impacts. Exports are planned to leave the country via port facilities at Hay Point and Abbot Point after being transported to the coast via rail. [121] Then Prime Minister Tony Abbott urged the business community to get behind these changes, saying "if the Adani mine does not go ahead soon, we are crazy. [5] The Adani mine has been scaled back significantly from earlier plans and will now be smaller than other Queensland coal mines. ", This page was last edited on 8 December 2020, at 19:27. Government Ministers criticised the group bringing this case under federal environment law, calling them "vigilante litigants" engaged in economic "sabotage". [42], In 2015, Environment Minister Greg Hunt announced federal approval for the project stating it would contribute $930 million to the Mackay region's GDP and $2.97 billion to the Queensland economy each year for the next 60 years. In 2016, Australia was the biggest net exporter of … According to the Supplementary Environmental Impact Statement (SEIS) submitted by Adani, "maximum impacts in excess of 300m are predicted" for the local water table. [47] In Queensland's Land Court, Adani's expert witness, economist Jerome Fahrer from ACIL Allen consulting, rejected the 10,000 figure, saying the project would create less than 1,500 jobs. Australia’s production is already 7.1% of world coal production. Documents released under Freedom of Information showed Great Barrier Reef Marine Park Authority scientists had opposed the dumping plan. By tons sold the largest coal mine in Australia is Loy Yang - a brown coal mine in Victoria, which in the year to the end of June 2019 produced over 30 million tons of coal fed to the Loy Yang power plants. It is estimated to hold 549Mt of recoverable coal reserves, including 530Mt of proved and 19Mt of probable ore reserves last year. [105], The Department is currently reassessing the proposal.[22]. [88], In April 2019 Bob Brown led a convoy of vehicles to protest against the proposed coal mine. The huge Carmichael project, overseen by the Indian mining company Adani, will consist of a network of open cut and underground mines in the Galilee … Last year coal overtook iron ore as Australia’s biggest export. The Carmichael coal mine is 10 million-tonne per annum thermal coal mine in the north of the Galilee Basin in Central Queensland, Australia owned by Adani Mining. [60] In April 2017, Westpac announced it would not fund the project. It is the eighth-largest gold mine in the world, and had recoverable coal reserves of 591Mt in 2019. [28] The mine will take a total of 297 billion litres of water from underground aquifers. The coal produced by the Carmichael mine is high quality thermal coal, with a product specification of 5600Kcal and 11% ash, well above typical Indian or Indonesian coal, which has a weighted average value of 4,301–4,600 kcal/kg. The case was dismissed because the court found that the cause and effect was complicated, the lower court stating that it was "not possible for him [the Minister] to draw firm conclusions as to the likely contribution of Adani's action to a specific increase in global temperature" and that if the coal was stopped from the Carmichael Mine it would likely be substituted from somewhere else. ( Supplied: Pembroke Resources ) It will be exported to international markets in Japan and China. However, by June 2019, the costs of solar power generation in India had decreased to the point that government subsidies might be required to make coal powered generation in India economically feasible. When Modi was campaigning for India’s Prime Ministerial candidate, around the same time India has seen one of the biggest anti corruption movements. [73] Queensland Government budget papers show spending of $9.5 billion between 2008 and 2014 assisting the mining industry. Adani notified the government that the act was a controlled act but the government decided that it was not a controlled activity under the EPBC Act and that no environmental impact assessment (EIS) was needed for it to proceed. [66], The director of energy finance studies Australasia at the Institute of Energy Economics and Financial Analysis, argued in 2015 that the Carmichael mine is a 'stranded asset' due to structural decline in seaborne coal markets; Adani's already high debt gearing; difficulty raising capital, a recent company restructure and approval delays. "[37], In October 2017, Adani announced that Rockhampton and Townsville will both be used as bases for the expected labour, on a fly-in fly-out basis. [119][120], Substantial controversy about federal environmental law followed the 2015 Federal Court decision to set aside the Carmichael approval (agreed by consent orders signed by the government). Australia needs to shut more than half of its coal-fired power stations by 2030 to have a hope of working towards the 1.5-degree goal outlined by the IPCC last year. Its multi-seam, open-cut mine has been producing up to 10Mt a year of high-quality metallurgical coal for export markets since 1974 and is operated by BMA. The Peak Downs coal mine is located in the Bowen Basin of central Queensland and is currently the country’s biggest coal mine by recoverable reserves. Its annual coal production is more than 18Mt and has an estimated reserve life of 35 years. [114][115], Under the amendments to the EPBC Act the Minister must obtain advice from an Independent Expert Scientific Committee on Coal Seam Gas and Large Coal Mining Development[116] if an activity is likely to have a significant impact on water resources or impact on a protected ecological communities, species (such as the black-throated finch, world heritage sites, national heritage sites or protected wetlands. [110] The Court ordered ACF to be part of the legal costs for Adani and the Minister. [1][2] The development was initially intended to represent an A$16.5 billion investment; however, Adani announced in 2018 that the mining operation would be downsized and self-funded to A$2bn.[3][4]. This was to make a stand against the desecration of their traditional land and the lack of their consent for the project. Black Thunder coal mine, US; Peak Downs coal mine, Australia; Mt Arthur coal mine, Australia; Goonyella Riverside coal mine, Australia; Saraji coal mine, Australia; 1. [81], The 2015–16 Federal Budget outlined the $5 billion Northern Australia Infrastructure Facility "to provide large concessional loans for the construction of ports, pipelines, electricity and water infrastructure that will open our northern frontier for business. ", "CommBank's climate fail | Market Forces", "National Australia Bank rules out funding Adani's Carmichael coal mine", "Westpac has ruled out lending to Adani's Carmichael coal mine after changing lending policies", "ANZ effectively rules out funding Adani's Carmichael coalmine", "Adani Enterprises Ltd – Hunkering Down; Waiting for Resolution on Adani Power", "Adani steps up Australia coal plans ahead of Modi visit", "Thermal Coal Markets – Opportunity for Japan? [64] In November 2014 Daniel Morgan, global commodities analyst at investment bank UBS, said that a price of about $100–$110 a tonne was required to cover costs and return on capital. The site is owned and operated by BHP Billiton, with the mining operations consisting of two open-cut areas — the Northern Open Cut and the Southern Open Cut. Initially, Adani said it would be one of the biggest in the world and employ 10,000 people. The multi-seam, open-cut mine has been producing up to ten million tonnes per annum of high-quality metallurgical coal for export markets since 1974. Adani spokespeople said statements from banks they have not approached have "no bearing" on the project. We have recently upgraded our technology platform. In 2016 the Wangan and Jagalingou people voted 294 to 1 in favour of a Indigenous Land Use Agreement with Adani. The Minister did not consider the much larger emissions associated with burning the coal from the mine. In Australia coal deposits occur in all States and the Northern Territory and range from 15 million to 225 million years old. This followed competition to host the expected 2,000 jobs derived from the project construction stage. [54], In 2015, a number of major international banks publicly ruled out financing the Carmichael Mine and Rail Project, or the Abbot Point Coal Terminal on which the Carmichael project depends. [18][19] as it was widely criticised as damaging the fragile coral and seagrass ecosystem. [45] The company took out a television advertisement during the 2015 Queensland election including this claim. [113] The review challenges then Environment Minister Melissa Price's decision to waive a full environmental assessment for a pipeline that will extract up to 12.5 billion litres of water a year from the Suttor River in central Queensland. [15] The mine site covers an area of 44,700 hectares (110,456 acres), around 447 square kilometres (173 sq mi), and is about 50 kilometres (31 mi) long. Night work at the Carmichael Mine, September 2020. [96] The plan was heavily criticised by ecologists, who highlighted the plan to graze cattle on protected land and noted the land was tagged to be used for other projects. [93], The mine site area is home to a number of species, including the yakka skink, ornamental snake, and the waxy cabbage palm. Goonyella and Riverside were originally operated as separate open-cut coal mines. He was criticised by the coal mining industry for this action. Coal is mined in every state of Australia. It could be one of the biggest coal mines in the country once production begins, but it has so far been surrounded by controversy. Peak Downs is one of the seven coal mines operated by BMA in the Bowen Basin and produced more than 11.8Mt of metallurgical coal in the year ending 30 June 2019. From 2015 onward, the Queensland and Australian Governments have proposed various forms of assistance to the project despite the G20 commitment to phase out "inefficient" fossil fuel subsidies. Australia's government has given its approval for one of the world's biggest coal mines to be built by India's Adani Mining in Queensland. At 2016 Australia contained 29% of the world's defined uranium resources. [3] Road access is made by the Gregory Developmental Road, an undeveloped section of the Gregory Highway. 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