PERTH (miningweekly.com) – Indian major Adani has struck a deal with the Queensland government on royalty payments for its $16.5-billion Carmichael coal mine.
The royalty arrangement, which was backed by the state Cabinet, meant that the project was back on track, with Adani’s board expected to make a final investment decision on the project during the next board meeting.
Adani has previously vowed to pay ‘every cent’ of its full royalties bill for the Carmichael project.
The proposed Carmichael project will comprise an opencut and underground mine, running for a period of 90 years and producing an average 60-million tonnes a year of thermal coal. The project was expected to generate some 10 00 direct and indirect jobs.
The project also includes a new 388 km standard gauge rail line to a new terminal at Abbot Point port near Bowen.
Edited by: Creamer Media Reporter
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