No “royalties holiday” for Adani: Queensland government

No “royalties holiday” for Adani: Queensland government

The Queensland government today rejected reports that it has offered a “royalties holiday” to Indian energy giant Adani’s 21.7 billion dollar coal mine project in Australia.

There will be no “royalties holiday” for Indian mining giant Adani, Queensland deputy premier Jackie Trad said. Trad said any such deal would break an election promise.

“We’ve got a pre-election commitment in relation to any subsidisation of Adani, and we made that commitment very clearly at the last state election that there would be no… subsidisation of taxpayer funds for Adani,” she said.  Read More…



Credit By: The Economic Times

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