Adani gets clearances for Australian coal project

The Dollar Business Bureau

Adani looks forward to boosting its Carmichael Mine project in Australia as the company has received all environmental clearances and other necessary approvals, Harinder Sidhu, Australian high commissioner to India said.

“The Adani investment proposal has now got the environmental approvals. It has everything it needs now. The way is now clear for Adani,” Sidhu said.

In February, the Queensland state had approved Adani’s $16-billion coal mine project in the Galilee Basin.

Referring to the proposed India-Australia Comprehensive Economic Cooperation Agreement (CECA), Sidhu said, “Although the negotiations are at an advanced stage, it will not be feasible to commit to a timeline as to when it will be concluded because she is representing a care-taker government.”

Earlier this year, Queensland Premier Annastacia Palaszczukhad had expressed confidence that the people of North and Central Queensland would welcome this progress as it would forge potential jobs and economic development in the state.

The India-based multinational conglomerate had estimated that this project will generate more than 5,000 jobs during construction and over 4,500 jobs during operations.

Sidhu said the Australian government welcomes these efforts, and it will be equally important to achieve reforms on the trade policy front.