Indian mining giant Adani to go ahead with Queensland coal mining project

By Wedaeli Chibelushi

The chairman of an Indian mining giant has announced final investment approval for the construction of a coal mining project in Queensland, Australia.

Chairman of Adani, Gautam Adani, said this approval marks the “official” start of a hug A$16.5 billion Carmichael coal, rail and port project in Queensland. According to Adani, the mine is “the largest single investment by an Indian corporation in Australia”.

The Australian government says the mine will generate investment. However environmental activists have criticised it heavily.

In a statement, Gautam Adani said: "We have been challenged by activists in the courts, in inner-city streets, and even outside banks, we are still facing activists. But we are committed to this project."

Adani and the government remain positive about Carmichael. Back in April 2017, Adani CEO Jeyakumar “JJ” Janakaraj told Mining Global, "[The Project] will deliver vital export opportunities for Queensland,[create] 10,000 local jobs, garner $22 billion in taxes and royalties, and provide crucial work opportunities for small- and medium-sized businesses.”

Gautam Adami said that construction of the Carmichael mine project will begin late 2017.

The company is still seeking a $900m infrastructure loan from the state for a railway that would help other miners open up Galilee Basin, Queensland.


Featured Articles

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best new books that will make you a better leader

From inspiring CEO memoirs to strategic guides, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better boss

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

Workplace special – the changing nature of the office

Leadership & Strategy

Meet Shanique Bonelli-Moore, DEI leader at Clorox


Forterro CEO Dean Forbes – inspirational leadership

Leadership & Strategy