They didn't care about coral reef, why bother with turtles?

Adani are dithering.

Quote:



No finance, no customers. No hope.

stunspore wrote on May 22^nd, 2017 at 8:19pm:


Adani have already been given as much water as they want .........  for free.

What a very bad idea from the govt.

this is the worst idea I have heard for some time.

Strewth Grappler has got the blues!!!

Adani is playing the Qld "govt" like a fish on a line.

Anny Pally in panic mode as Pauline prepares to pick up the pieces and rule Qld where she is a folk hero.




Adani baulks on mine as Labor brawls
SARAH ELKS Queensland political reporter Brisbane The Australian12:00AM May 23, 2017

Giant Indian conglomerate Adani has cancelled a crucial final investment decision on its $16.5 billion Queensland mine after Labor’s left faction ­revolted against Premier ­Annastacia Palaszczuk on a royalties deal.

After years of negotiations and government approvals, Adani last night indefinitely postponed a board meeting scheduled for next Monday in India, blaming the delay on the failure of Ms Palaszczuk’s divided cabinet to decide on royalties.

A politically wounded Ms Palaszczuk was last night accused of allowing a factional stoush — led by Deputy Premier and left faction leader Jackie Trad — to undermine her leadership and threaten the 10,000 jobs, direct and indirect, which Adani claims would flow from the controversial Galilee Basin mine.

The split in Labor is deep, with federal Labor leader Bill Shorten opposing a low-interest taxpayer loan of up to $1bn from the federal government’s Northern Australia Infrastructure Facility for the project’s 800km rail line.

There are concerns the delay also risks a lifeline to ­Arrium’s struggling South Australian steelworks, from which Adani said it would source steel for its rail line.

A royalties concession or deferral for Adani — worth up to $320m — was expected to be decided at yesterday’s cabinet meeting. But Ms Trad came out publicly beforehand and declared any “royalties holiday” for Adani would break Labor’s election pledge of no taxpayer subsidies for the mine. Cabinet’s expected decision on a royalties arrangement with Adani was discussed and deferred.

The Australian understands Adani will not make a final investment decision until Ms Palaszczuk, a member of the right faction, can deliver certainty, while she, Ms Trad and Treasurer Curtis Pitt negotiate a solution palatable­ ­to Labor’s factions.

It is understood some left ministers would be willing to back a royalties deal as long as Adani agreed to ramp-up royalty payments in the project’s early years, ­rather than towards the end of its lifespan.

The proposed mine has a forecast 60-year life, which Adani estimates would generate $22bn in mining taxes and royalties in the mine’s first three decades.

Last night a spokesman for Ms Palaszczuk said the “timing of Adani meetings is a matter for Adani”.

“The government wants a standard approach across the Galilee and Surat basins and the north-west minerals province to give certainty for all proponents and ensure they pay all royalties they owe,” he said.

Liberal National Party leader Tim Nicholls ­accused the minority government of putting in “serious jeopardy” the future of the Carmichael mine, because of the ongoing “Palaszczuk v Trad” battle.

“This inaction from Annastacia Palaszczuk has cost Queenslanders thousands of jobs and billions of dollars of much-needed investment and royalties,” Mr Nicholls said. “Today was a test of Annastacia Palaszczuk’s leadership — and she failed.”

“Labor has strung Adani along for two years (since the election) and have now pulled the rug from under them just days before the investment decision.”

Some senior Labor strategists acknowledge the internal party strife over Adani will hurt the party in regional Queensland state seats where Pauline Hanson’s One ­Nation is a growing threat.

Activist group GetUp!— which has campaigned hard against the Adani project — yesterday celebrated Ms Trad’s declaration that no royalties holiday would be given to the Indian company, while the Labor Environment Action Network also took credit for pressing ALP members to lobby Ms Palaszczuk on the issue.

Townsville Mayor and ALP member Jenny Hill, who travelled to India with Ms Palaszczuk to meet Adani recently and has been promised her city will be a base for some of Adani’s operations, was last night exasperated by the delay.

“We’ve got over 12 per cent unemployment, youth unemployment is one of the highest in the country; it’s causing social issues and we’re losing people south,” Ms Hill said.

“Adani would deliver at least 800 jobs in terms of its mining operations, and more from fly-in, fly-out … there’s a major benefit for Queensland through royalties and GST that comes back to the Queensland people.”

“There have been royalties deals structured with companies in the past, why should Adani be any different?”’

Queensland Greens senator Larissa Waters accused Adani of throwing a “tantrum to bully the Queensland Labor government”.

“So far, Adani is in line for a $1bn handout, unlimited free water, new legal loopholes, special changes to native title, a free pass on reef destruction,” Senator Waters said. “Malcolm Turnbull and Queensland Labor need to stand up to these bullies, veto the $1bn handout, say no to giving them freebies at the taxpayers’ expense and abandon their support for this mega-mine”.


http://www.theaustralian.com.au/business/mining-energy/adani-baulks-on-carmichae...

BigOld,

The quality of the ADANI coal is better than the low grade coal in India but is not as good as the high grade coal in the Hunter Valley.

This article explains the FACTS quite well.



'Adani's project will supply lower quality coal to India'
From Natasha Chaku 03 April 2017  Last Updated at 2:38 pm

Indian energy giant Adani is planning to supply lower quality coal with high ash content to non-premium markets like India from its controversy-hit Carmichael coal and mine project in australia's Queensland state, according to a media report today.

"The Carmichael mine will produce two coal products:
Product one, a low ash and moderate energy product most suitable for Asian premium markets, and
Product two, a high ash or lower energy product most suitable for non premium markets, in particular India," ABC news quoted an extract from a sworn evidence to the Land Court in Queensland.

However, Adani Australia has clarified on its facebook page today that in terms of quality of the coal it is almost 50 per cent better than used domestically.

Last week in Brisbane, Adani Australia's CEO Jeyakumar Janakara also told a forum that "the thing about Carmichael is, it will reduce the carbon footprint of existing [Indian] plants, which are using Indonesian or Indian coal today, by say 30 to 40 per cent".

Australian Resources Minister Matt Canavan had earlier said, "if Australia fails to supply India with coal from Queensland, they will get that coal elsewhere, which they're doing right now".

He said that while the coal product was of lower quality as compared to Australian benchmarks for energy contents and ash contents but "certainly the coal India uses, and they're a large coal producer in their own right, is much, much lower quality".

"Coal product is not the highest quality coal in Australia, but it was still much much higher than the coal quality in India," Canavan was quoted as saying by ABC news.

"Indian coal typically is around 3,000 kilocalories a kilogram, whereas the Galilee Basin coal roughly averages around the 5,000 mark, and that means that for every unit of every kilogram or tonne of coal you burn, you'll get more power for it, lower carbon emissions, that's a good thing for the environment," the minister explained.

"The Queensland Supreme Court itself also made the point that the Adani Carmichael coal mine itself won't increase greenhouse gas emissions, if it displaces coal from other sources," the resource minister said, adding "That's exactly what it will do, because India will get coal from somewhere, [and] as I say, their own coal is generally lower quality than ours".

"The Queensland Supreme Court itself also made the point that the Adani Carmichael coal mine itself won't increase greenhouse gas emissions, if it displaces coal from other sources," the resource minister said.

Company chairman Gautam Adani recently said that the final approvals from the Australian government could be by May or June, after which construction could begin.

AD ENTERPRISES has maintained that the work on mine project would begin this year creating 10,000 jobs for the state.

The project involves dredging 1.1 million cubic meters of spoil near the iconic Great Barrier Reef Marine Park, which will then be disposed off on land.

New Delhi, Apr 3 Adani group today signed a pact to look at the possibility of building a new multi-purpose port mainly for handling containers at Carey Island in Malaysia.

Adani Ports signed a memorandum of understanding with Malaysia's MMC Ports to do feasibility study of the Carey Island Port Project as an extension of Port Klang, currently the 11th busiest container port in the world.

Also, the two will collaborate with Sime Darby Property, the property arm of Sime Darby Berhad, one of South East Asia's largest conglomerates, to study the feasibility of developing an integrated maritime city which will support the new port.

"Adani Ports and Special Economic Zone Ltd (APSEZ), India's biggest private port operating firm, will begin a feasibility study on building a greenfield multi-purpose port mainly for handling containers at Carey Island in Malaysia's Selangor state, about 50 km southwest of capital Kuala Lumpur," a company statement said.

MMC Port Holdings Sdn Bhd is a wholly-owned unit of MMC Corporation Berhad (MMC), one of Malaysia's top utilities and infrastructure group with diversified businesses ranging from ports and logistics, energy and utilities and engineering and construction.

The MoU was signed by Che Khalib Mohamad Noh, Director of MMC Ports, Jauhari Hamidi, Managing Director of Sime Darby Property and APSEZ's President of Business Development Sandeep Mehta.

Apart from developing and running India's biggest private port located at Mundra in Gujarat, APSEZ is also the country's biggest container handler outside state control. The firm operates container handling facilities at its flagship Mundra Port as well as in Hazira Port, both in Gujarat, and at Kattupalli near Chennai in Tamil Nadu.

Malaysia, one of the largest economies in South East Asia, is an important logistical hub in the region and is a gateway to the dynamic

Bit more here

http://www.outlookindia.com/newsscroll/adanis-project-will-supply-lower-quality-...

Yeah, low quality coal they have no customers for, nor finance. Why spend all that taxpayers money, drain the GAB and risk the GBR for a venture that will never be able to stand on its own two feet?

10,000 jobs is a furphy, even Adani admits that, lucky to get 1000. And these jobs could be lost, along with all the taxpayers’ money ploughed into it as the demand and price for coal declines further. Adani do not have enough customers for their coal.

A few years ago, as Aussie can attest, I travelled to Gladstone, Qld then drove with my mate there to Emerald and on to the gemfields. The road travels along the railway line from the coalfields. There was hardly any time that we were not in sight of a coal train. A couple years later I did the same trip, I counted the number of coal trains we saw: just 12.

Coal has had its heyday.

Japan wants to phase out nuclear which is understandable.

Just about all other countries including China are moving to renewable energy.

Adani does not have enough customers for its mine. Adani does not have the finance to develop its mine. Adani will shortly pull the plug entirely on its proposed mine.