Adani strikes deal on royalties payments with Queensland

Adani strikes deal on royalties payments with Queensland

Indian energy giant Adani Group said today that it has struck a deal on royalties payments with the Queensland government for its 21.7 billion dollars coal mine project in Australia, a major breakthrough for the controversy-hit Carmichael venture which was stuck in limbo.

According to the company statement, the deal with the state has met Adani’s expectations and requirements and the move would mean that the project was back on track to generate 10,000 direct and indirect jobs in the regional state. “This shows a strong commitment by the State government to the project and is a benchmark decision to take this project forward,” the statement said.

“I thank the Premier, Annastacia Palaszczuk, and the elected members of the State for their continued support to make this happen. I also wish to thank Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten for their support for the changes to the Native Title Bill,” said Gautam Adani, Adani Group Chairman. Read more

Credits:thehindubusinessline.com

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