• Home
  • Donate
  • Get Involved
    • Get Involved
    • Volunteer
    • Membership
    • Stay in touch
    • Events & Meetings
    • Swim For Our Rivers 2021
  • Issues
    • Issues
    • Climate Change
    • Adani
    • Biodiversity
    • Water
    • Urannah
  • About
    • About
    • Our Story
    • Mission
    • Our people
    • Contact us
    • Jobs

Pages tagged "Royalties"


Adani wants your money for its dirty mine

Posted on Adani by Michael Kane · November 04, 2019 8:57 PM · 3 reactions

Adani is currently in private negotiations with the Queensland Government to secure a royalty holiday so they can afford to build their mega coal mine in the Galilee Basin. 

The deal could extend until the mine is profitable, which most financial analysts think it will never be. In documents disclosed under Freedom of Information laws, Queensland Treasury officials described the Adani mine as “unbankable”.  At stake is up to $700 million in royalties that should be used to fund Queensland’s firefighters, schools, hospitals and roads.

The government has set itself a deadline of November 30 to make a decision but Queenslanders may never know the details. Both Adani and the government are refusing to divulge information about the secret agreement, citing commercial in confidence.

Read more

  • Sign in with Facebook
  • Sign in with Twitter
  • Sign in with Email


Donate Sign up for updates Volunteer
Follow @MackayConsGroup on Twitter

Authorised by P. McCallum, Mackay Conservation Group, 156 Wood St Mackay Qld 4740


Sign in with Facebook, Twitter or email.
Created with NationBuilder