Adani still getting special royalty deal

Original article by Mark Ludlow
The Australian Financial Review – Page: 5 : 15-Feb-18

Queensland’s Deputy Premier Jackie Trad says Adani’s proposed Carmichael coal mine would be entitled to defer royalty payments for four years if the project proceeds. The State Government approved the royalty scheme in May 2017, which will also apply to other resources projects in the Galilee Basin. Trad has rejected suggestions that Adani has been given a "royalty holiday", arguing that interest will be payable on the deferred payments. Meanwhile, the state’s Department of Environment & Science has rejected New Hope Group’s amended environmental authority for a proposed expansion of its New Acland coal mine.

CORPORATES
ADANI MINING PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. DEPT OF ENVIRONMENT AND SCIENCE, NEW HOPE CORPORATION LIMITED – ASX NHC, LAND COURT OF QUEENSLAND, QUEENSLAND. DEPT OF NATURAL RESOURCES AND MINES, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

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