Adani Group: Adani’s Australian project to generate $22 billion in taxes and royalty


Adani Group: Adani’s Australian project to generate $22 billion in taxes and royalty

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

Credits: economictimes.indiatimes.com

Leave a Reply

Your email address will not be published.