Adani to go it alone
Indian Miner remains resolute after State Government confirms backflip on support
Wednesday 13 December 2017
Galilee mining hopeful Adani has confirmed it still plans to build its Carmichael mine, despite the recently re-elected Palaszczuk Government's decision to veto a Northern Australia Infrastructure Fund loan.
In a statement, Adani Australia said it employs more than 800 people, and has spent $3.3 billion in Queensland to date, and would not be doing that if the project wasn’t viable.
“We congratulate Premier Palaszczuk on her government’s election and look forward to working closely and cooperatively with the state and federal governments and regulatory authorities as we get on with the job of making all of our projects a reality,” a spokesman said.
“We would not be investing our time, money and energy in this manner if our projects were not viable and if we were not serious about delivering our projects which will ultimately generate more than 10,000 direct & indirect jobs.
“The projects are viewed in a positive light by the Queensland Government and considered as critical infrastructure investments and the projects continue to retain the support of the Queensland Government.
“Adani Australia will now fully consider and adjust to the constraints the veto of NAIF funding brings.
“Adani Australia is 100 percent committed to Queensland, and this will not change.”
The Palaszczuk Government has not said whether it will block support for other Galilee Coal related proposals like Aurizon’s alternative pitch to build a railway line connecting the basin with coastal ports.
Northern Australia Minister Matt Canavan says he is disappointed at the time wasted following receival of a letter last year from State Treasurer Curtis Pitt appealing for the NAIF to consider a loan to the Adani Galilee rail project.