Adani has to pay royalties for coal mine: Australia state premier

Adani has to pay royalties for coal mine: Australia state premier

Adani Enterprises will get no exemption or discounted rates on royalties it has to pay to develop its Carmichael coal mine project in Australia, Queensland state Premier Annastacia Palaszczuk said on Saturday.

Ministers from the centre-left state government made the decision on Friday, putting an end to speculation that the Indian company would be offered concessions on royalties during the early years of coal production.

“Under this new policy, the Adani Carmichael mine will pay every cent of royalties in full,” Palaszczuk said in a statement on Saturday.

“There will be no royalty holiday for the Adani Carmichael mine.” Read more

Credits:business-standard.com

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