News

Environmentalists scoff at Adani's 'benefits to community'

FORECAST: GPC boss believes the price of coal won't keep rising.
FORECAST: GPC boss believes the price of coal won't keep rising. Lee Constable

THE environmental group currently in a legal battle with Adani say they will dispute in court next week the mining giant's claims it will roll out 4000 jobs.

Coast and Country warned the State Government and Queenslanders to be sceptical of Adani Australia chief Jeyakumar Janakaraj's  "heroic" claims in a media interview on Thursday.

Mr Janakaraj said work on its Carmichael coal mine in the Galilee Basin south-west of Mackay would be underway soon.

Adani predicts Australia's largest thermal coal mine, rail and port projects will generate more than 10,000 jobs directly and indirectly, along with $22 billion in taxes and royalties over the half-life of the projects.

An Adani spokesperson said their projections based on an assessment undertaken by a top-tier global advisory firm were considered conservative.

More than 4000 jobs were reportedly expected to be created during the early construction phase.

Coast and Country's Derec Davies said the company had consistently overstated the benefits to Queensland.

"Our case is that this mine presents a risk to the state's economy," he said.

"According to financial analysis by IEEFA's Tim Buckley, the project is unlikely to receive financial approval but if it does, and construction commences, then it would soon fail and become a stranded asset.

"We are very concerned about their numbers and we will be disputing them vigorously in court next week when we hear from our economic experts."

Mr Buckley is from the Institute for Energy Economics and Financial Analysis.

Coast and Country argues the central Queensland mega-mine will cause social and environmental problems, including threatening the endangered black-throated finch species.

The spokesperson said Adani had consistently stated it would adhere to the guidance of State Government authorities on water solutions and water pricing, as well as adhering to all safeguards.

"It is important to note that Adani will pay the going market rate - Adani emphatically rejects Coast and Country's claims of a discount," the spokesperson said.

"It's unfortunate that Coast and Country doesn't want these substantial economic benefits for Queensland, balanced against the strict environmental conditions of the state and Commonwealth world's best practice environmental approvals framework, to proceed.

"These substantial economic benefits reflect the confidence Adani has in Queensland as an investment destination - delivering jobs, taxes and royalties here while helping deliver energy security in India, and electricity to some of the several hundred million households that currently lack any such access."

The case in the Queensland land court continues.

- APN NEWSDESK

Topics:  adani court environment jobs mining



Cyclone Debbie on collision course with CQ towns: BOM

UPDATE: New radar images show Cyclone Debbie is on a collision course with CQ towns.

CYCLONE Debbie to make a U-turn to CQ's coast after wreaking havoc.

Cyclone Debbie 'storm surge' has CQ town on high alert

King tide and storm surge

STORM surge could reach almost two metres at CQ town.

Cyclone alert: Residents told to evacuate immediately

Rsidents in the orange and red zone have been told to evacuate by tonight.

AREAS in the red and orange zones told to evacuate immediately.

Local Partners

Married shock: why the good guys came last

OPINION: It defies logic that Sean got dumped, but “rat” Anthony got the girl. How did this Married At...

Pete Evans' 'extreme advice' slammed after TV tell-all

“Celebrity chefs shouldn’t dabble in medicine.”

Housewives’ shocking public fight gets physical

The Real Housewives of Sydney.

Real Housewives’ public fight: ‘She’s a f***ing embarrassment’.

Married At First Sight's shock vow renewal decisions

Nadia’s final decision at the vow renewal ceremony leaves us stunned.

NADIA and Susan's decisions stun viewers.

Family Feud host Grant Denyer in hospital after rally crash

He’s OK. Grant Denyer has survived a serious car crash near Melbourne. Picture: Zak Simmonds

Grant Denyer airlifted to hospital after horror crash

Would you like 90 weeks of paid parental leave?

“It’s changed the culture,” say the Latte Papas of Sweden’s generous parental leave provisions.

Why not move to Sweden: the world’s best place to be a dad

Only one woman nominated for the Gold Logie

Love Child and The Wrong Girl star Jessica Marais is nominated for a Gold Logie this year.

Jessica Marais is about to star in a new Logies controversy

Oceanside commercial opportunity in Sunshine Coast hot spot

Adjoining Kings Beach redevelopment sites "one of a kind''

Sandy seaside luxury escape you have to see

ULTIMATE ESCAPE: This seaside mini-mansion offers oodles of luxury.

Beach front property on the market for $1.25M

Dalwood waterfall up for sale

Two people have died at Dalwood Falls, Ballina.

How would you like to own your very own waterfall?

Hot property: View from the top of Rocky

28 King St, The Range is on the market for $920,000.

360-degree views meet classical Queenslander

Ready to SELL your property?

Post Your Ad Here!