COAL – ENVIRONMENTAL ASPECTS – AUSTRALIA

NAB cold on Adani’s Carmichael

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Original article by Amanda Saunders, Ben Potter
The Australian Financial Review – Page: 8 : 3-Sep-15

National Australia Bank is reported to have ruled out investing in Adani’s $A16 billion Carmichael coal project in Queensland. Adani responded by saying it had never approached NAB for funding. Meanwhile, announcing a 15.4 per cent return on its portfolio, Future Fund chairman Peter Costello said the fund would continue to invest in companies where there was an investment case, whether they were mines or banks supporting mines.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ADANI MINING PTY LTD, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MINERALS COUNCIL OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, GREENPEACE, BANK OF TOKYO-MITSUBISHI LIMITED, WHITEHAVEN COAL LIMITED – ASX WHC, NEWCASTLE CITY COUNCIL

Council tells big four banks don’t bring coal to Newcastle

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Original article by Amanda Saunders, Ben Potter
The Australian Financial Review – Page: 1 : 27-Aug-15

The Minerals Council of Australia has called the City of Newcastle’s decision to dump its holdings in banks that finance fossil fuel projects a "pointless sham" and urged it to support the local economy. The New South Wales city is home to the world’s biggest coal port. Mining’s direct spend in Newcastle is about $A1.8 billion a year, rising to $A5.9 billion when the greater Hunter region is taken into account. The divestment decision was supported by Australian Labor Party and Australian Greens councillors.

CORPORATES
NEWCASTLE CITY COUNCIL, MINERALS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NEW SOUTH WALES MINERALS COUNCIL, AUSTRALIAN BANKERS’ ASSOCIATION, RESPONSIBLE INVESTMENT ASSOCIATION AUSTRALASIA, ME BANK

‘If those projects don’t go, Qld is finished’

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Original article by Mark Ludlow, Misa Han
The Australian Financial Review – Page: 6 : 20-Aug-15

Townsville mayor Jenny Hill is leading community support for the Adani coal mine, which is bogged down in litigation brought against the $A16.5 billion development by environmental activists. Townsville was hoping to be a hub for fly-in, fly-out workers. "We need the jobs," Hill said as Queensland businesses also threw their weight behind the mine, which will supply coal to India.

CORPORATES
ADANI ENTERPRISES LIMITED, TOWNSVILLE CITY COUNCIL, POLLARD PLANT HIRE, QUEENSLAND. DEPT OF THE PREMIER AND CABINET

The long wait for Adani

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Original article by Phillip Coorey, Mark Ludlow, Primrose Riordan
The Australian Financial Review – Page: 1 : 20-Aug-15

Attorney-General George Brandis has challenged the Australian Labor Party (ALP) to support workers instead of the green movement in repealing section 487 of the Environment Protection & Biodiversity Conservation Act. It is the section which has allowed activists to tie up mining projects, such as the giant Adani coal mine in Queensland, in the courts. Brandis said passing the repeal through the Senate was a matter for the ALP, not the Australian Greens or crossbench senators.

CORPORATES
AUSTRALIA. ATTORNEY-GENERAL’S DEPT, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, QUEENSLAND. DEPT OF MINES AND ENERGY, FEDERAL COURT OF AUSTRALIA, ADANI ENTERPRISES LIMITED, PALMER UNITED PARTY, MACKAY CONSERVATION GROUP INCORPORATED, ASSOCIATION OF MINING AND EXPLORATION COMPANIES, AUSTRALIA. DEPT OF THE ENVIRONMENT