Adani nod ‘common sense’: Yancoal boss

Original article by Peter Ker
The Australian Financial Review – Page: 15 : 17-Jun-19

Yancoal Australia CEO Reinhold Schmidt has welcomed the decision by Queensland’s Department of Environment to approve Adani’s groundwater management plan for its proposed Carmichael coal mine. The decision was arguably accelerated by Labor’s poor showing in Queensland seats in the federal election, but Schmidt says the mining sector wants consistent and predictable rules, no matter which party is in government.

CORPORATES
YANCOAL AUSTRALIA LIMITED – ASX YAL, QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, ADANI MINING PTY LTD

Adani downsizes, cuts new job numbers to as low as 800

Original article by Sarah Elks
The Australian – Page: Online : 4-Jun-19

Doubts have emerged as to how many ongoing jobs would be created at Adani’s Carmichael coal mine if the $2bn project goes ahead. A spokeswoman says the project would create 1,500 direct jobs and 6,750 indirect jobs during the ramp-up and construction phases. She adds that the number of jobs when the mine becomes operational will be in line with open-cut coal mines of a similar size in Queensland, which is between 800 and 1,500. Adani had originally flagged the creation of about 5,000 operational jobs at Carmichael, before the size of the project was scaled back.

CORPORATES
ADANI MINING PTY LTD, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, THE AUSTRALIA INSTITUTE LIMITED

Doesn’t add up: Albo’s mine craft

Original article by Greg Brown, Alice Workman
The Australian – Page: 1 & 4 : 28-May-19

Resources Minister Matt Canavan contends that Labor has learned nothing from how Queenslanders voted in the federal election. Canavan was attacking new Labor leader Anthony Albanese and deputy leader Richard Marles for refusing to say whether they support Adani’s proposed Carmichael coal mine in Queensland’s Galilee Basin, with the Basin having estimated thermal coal reserves of 27 billion tonnes. Albanese stated in 2018 that "there’s no market" for thermal coal, and that the Adani mine is "a climate change issue".

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ADANI MINING PTY LTD, QUEENSLAND RESOURCES COUNCIL LIMITED

Labor punished for not backing coal jobs, Fitzgibbon says

Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 21-May-19

Adani Mining CEO Lucas Dow says the Queensland government needs to take note of Labor’s poor showing in the state at the federal election, describing it as a referendum on the Carmichael coal project. State Labor MPs are worried about the impact that the government’s delay in approving the mine will have on its fortunes at the state election in 2020. Federal Labor frontbencher Joel Fitzgibbon says the party needs to show more support for the coal industry and the jobs it creates; he suffered a 10 per cent swing against him in the coal mining seat of Hunter.

CORPORATES
AUSTRALIAN LABOR PARTY, QUEENSLAND RESOURCES COUNCIL LIMITED, QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, ADANI MINING PTY LTD

State MPs poison to Labor’s campaign

Original article by Michael McKenna, Charlie Peel
The Australian – Page: 6 : 17-May-19

State Labor MPs in regional Queensland say they have been abused while issuing Labor’s how-to-vote cards during the federal election campaign, due to the State Government’s handling of the Adani mine issue. Indeed, federal Labor MP Cathy O’Toole is said to have told local state Labor MPs not to hand out how-to-vote cards in her ultra-marginal seat of Herbert because of local anger over delays to the mine. However, local state Labor MP Scott Stewart has denied that O’Toole asked him not to hand out how-to-vote cards.

CORPORATES
AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD

Blocking Adani mine would damage trade with India

Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 5-Mar-19

Australia India Business Council chairman Jim Varghese says any move by state or federal governments to block Adani’s Carmichael coal mine would harm trade between the two nations. Varghese says India needs thermal coal to help meet its rapidly growing energy requirements, and he notes that Australian coal is cleaner than other sources. Meanwhile, Adani CEO Lucas Dow says the company would certainly seek compensation if the Greens private members’ bill to block thermal coal in Queensland is approved by state parliament.

CORPORATES
AUSTRALIA-INDIA BUSINESS COUNCIL INCORPORATED, ADANI MINING PTY LTD, AUSTRALIAN GREENS, CSIRO, GEOSCIENCE AUSTRALIA, AUSTRALIAN LABOR PARTY

Labor split erupts over Adani coal mine

Original article by Mark Ludlow
The Australian Financial Review – Page: 1 & 2 : 19-Feb-19

CFMMEU Mining and Energy Queensland president Steve Smyth has accused the state government of a "go-slow" on approving Adani’s $2 billion Carmichael coal mine. It has been suggested that the government is trying to delay approval of the mine until after the federal election, so as to minimise any potential political damage to Opposition Leader Bill Shorten. Smyth says people in regional Queensland want to see the mine proceed, while he contends that thousands of jobs in the Galilee Basin are at risk if the state government does not approve the mine.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD, AUSTRALIAN GREENS, QUEENSLAND. DEPT OF NATURAL RESOURCES AND MINES, WARATAH COAL PTY LTD, GVK INDUSTRIES LIMITED, QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION

Adani tries to get things moving at Carmichael

Original article by Jared Owens
The Australian – Page: 4 : 21-Dec-18

India-based Adani has commenced construction work on the rail component of its Carmichael coal project in Queensland. However, CEO Lucas Dow says work on the mine has been stalled by delays in gaining state government approvals for managements plans to protect groundwater and endan­gered species. Adani intends to fully finance the rail link, which could potentially be used by other mining companies.

CORPORATES
ADANI MINING PTY LTD, QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, GVK HANCOCK, WARATAH COAL PTY LTD, MACMINES AUSTASIA PTY LTD

Insurers shun Adani’s Carmichael mine

Original article by Ben Potter
The Australian Financial Review – Page: 9 : 20-Dec-18

Activist group Market Forces claims that 10 leading insurance companies have ruled out providing coverage for Adani’s Carmichael coal mine in Queensland. They are said to include global insurers such as Allianz and AXA, as well as Australia’s QBE and Suncorp. Market Forces executive director Julien Vincent says insurers have the power to ensure that the mine does not proceed. Adani has scaled back the size of the project and announced that it will be self-funded after banks refused to provide financing for it.

CORPORATES
ADANI MINING PTY LTD, MARKET FORCES, ALLIANZ AG HOLDING, AXA SA, QBE INSURANCE GROUP LIMITED – ASX QBE, SUNCORP GROUP LIMITED – ASX SUN, SWISS REINSURANCE COMPANY, MUNICH REINSURANCE COMPANY, FM GLOBAL, ZURICH INSURANCE COMPANY, GENERALI, BERKSHIRE HATHAWAY INCORPORATED, SCOR SA, HANNOVER RUCKVERSICHERUNGS-AG, AMERICAN INTERNATIONAL ASSURANCE COMPANY, FRIENDS OF THE EARTH

BHP retreats from contract mining

Original article by Matthew Stevens
The Sydney Morning Herald – Page: 30 : 6-Dec-18

The BHP Mitsubishi Alliance abandoned the direct employment model for workers at its Queensland coal mines in 2015. Contract labour now accounts for about 60 per cent of the work undertaken at BMA’s coal mines. However, the BHP Group-led joint venture has advised that it will directly employ 350 workers at the Daunia and Cavel Ridge mines in the Bowen Basin. BMA’s move may indicate that union influence at its Queensland coal mines is declining, and the new model is likely to be rolled out at BMA’s other mines in the state.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BM ALLIANCE COAL OPERATIONS PTY LTD, MITSUBISHI CORPORATION, DOWNER EDI LIMITED – ASX DOW, AUSTRALIAN LABOR PARTY, WORKPAC PTY LTD, CHANDLER MACLEOD GROUP LIMITED, HAYS PERSONNEL SERVICES (AUSTRALIA) PTY LTD, CORE STAFF, LINKED GROUP, MONADELPHOUS GROUP LIMITED – ASX MND, ONE KEY RESOURCES PTY LTD