Adani Group’s $16.5 billion Carmichael mine project in Australia is expected to generate around $22 billion in state mining taxes and royalties in just the first half of the project life, the group said in a statement on Friday.
“The benefits will extend locally, regionally and across Queensland providing much needed job opportunities. It will assist public funding to help deliver schools, hospitals, roads and other services and stimulating activity throughout the economy,” the company said.
Last year, the Queensland state’s department of environment and heritage protection issued a final environmental authority for the mine project in the Galilee Basin.
“Adani group is confident of fulfilling the strict conditions placed on the environment assessment, including extra requirements based on the land court’s recommendations and ensure this mine will not pose an unacceptable risk to the environment,” it saidRead more
Latest posts by The Economic Times (see all)
- Incentivise plants for quick changes in thermal supply: Govt panel - April 20, 2019
- Lenders invoke IBC norms to keep stressed assets in NCLT - April 19, 2019
- Power plant companies quote higher tariff in the latest round of auctions - April 19, 2019