COAL MINES AND MINING – QUEENSLAND

Call for Adani to get on and build

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Original article by Mark Ludlow, Jacob Greber
The Australian Financial Review – Page: 3 : 23-Feb-18

Queensland’s Deputy Premier Jackie Trad says it is time that Adani made a commitment to develop the $A16.5 billion Carmichael coal mine. Trad reiterated previous comments that the Carmichael project needs to be viable in its own right, a view echoed by federal Labor frontbencher Anthony Albanese. Trad’s comments followed the revelation that Adani had backtracked on making March the deadline for deciding whether to make a financial commitment to the project.

CORPORATES
QUEENSLAND. DEPT OF THE PREMIER AND CABINET, ADANI MINING PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN GREENS, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY

Adani still getting special royalty deal

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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

Glencore ends $700pw strike bonus

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Original article by James Thomson
The Australian Financial Review – Page: 3 : 31-Jan-18

Glencore will seek to terminate the enterprise agreement at its Oaky Creek coal mine in Queensland in a bid to end a long-running union dispute. Some 175 union members have been locked out of the site for more than 200 days, but a clause in the enterprise agreement requires them to receive the productivity bonuses that are paid to employees and contractors who have defied the picket line. It is believed that some picketers have been paid up to $A700m per week in productivity bonuses.

CORPORATES
GLENCORE PLC, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIA. FAIR WORK COMMISSION

Just build it, Palaszczuk tells Adani

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Original article by Mark Ludlow
The Australian Financial Review – Page: 10 : 22-Nov-17

Queensland Premier Annastacia Palaszczuk has urged Adani to just commence work on its $A16.5 billion Carmichael coal mine, rather than wait for any possible federal assistance. Speaking during campaigning for the Queensland election, Palaszczuk noted Adani had received all relevant approvals for the mine. Palaszczuk has recently vetoed a federal government loan that would assist Adani with the Carmichael project, but she does not think that will hurt Labor’s chances of winning the election, which will be held on 25 November

CORPORATES
QUEENSLAND. DEPT OF THE PREMIER AND CABINET, ADANI MINING PTY LTD, ONE NATION PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND

Labor stonewalls on Adani incentives

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Original article by Michael McKenna, Sarah Elks
The Australian – Page: 8 : 10-Nov-17

The Queensland Government continues to attract scrutiny over its dealings with India-based Adani regarding its $A16.5bn Carmichael coal and rail project. The Government struck a deal with Adani in May to defer some royalties payments, but it has refused to disclose any details of the deal. However, the Australian Labor Party had stated in 2015 that it would not make any "secret deals" if it won the state election.

CORPORATES
ADANI MINING PTY LTD, AUSTRALIAN LABOR PARTY, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. TREASURY, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY

State government ‘split over Adani mine’

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Original article by Mark Ludlow
The Australian Financial Review – Page: 9 : 2-Nov-17

Liberal-National Party leader Tim Nicholls says a number of senior Queensland Government ministers oppose Adani’s proposed Carmichael coal mine, while even Premier Annastacia Palaszczuk has been reluctant to support it. Nicholls adds that his party fully supports the $A16.5bn project. The Opposition also supports the construction of a clean-coal power station in North Queensland, and has questioned the Government’s failure to release a report which found that it would be financially viable.

CORPORATES
LIBERAL-NATIONAL PARTY OF QUEENSLAND, AUSTRALIAN LABOR PARTY, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, ADANI MINING PTY LTD, QUEENSLAND. DEPT OF ENERGY AND WATER SUPPLY

Adani says Australia to get taxes despite haven

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Original article by Peter Ker
The Australian Financial Review – Page: 25 : 2-Nov-17

Adani executive Muthuraj Guruswamy has confirmed that its companies that are registered in Australia are controlled by entities that are based in tax havens. However, he has stressed that Adani will pay its full tax liabilities and mining royalties in Australia. Guruswamy also indicated that Adani has started building the infrastructure for its Carmichael coal mine, which is slated to commence production in 2020. Anti-coal protestors attempted to disrupt his speech at the International Mining and Resources Conference on 1 November.

CORPORATES
ADANI MINING PTY LTD, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY

Australians don’t want the Adani mine

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 16-Oct-17

A special Roy Morgan Snap SMS Survey taken on 6-8 October has found that 53.5% of Australians do not think the Adani mine should go ahead. Only 16% that say the Queensland mine should go ahead while a further 30.5% either have not heard of the Adani mine or did not indicate a preference for whether it should go ahead or not. Analyses by voting intention shows that supporters of all the major parties are against the Adani coal mine going ahead, while analyses by gender shows that 51.5% of women and 56% of men are against the mine going ahead. Analysis by State shows that far more Australians in each State are against the Adani coal mine going ahead than those in favour, including 50% per cent of respondents in Queensland.

CORPORATES
ROY MORGAN RESEARCH LIMITED, ADANI MINING PTY LTD

Canavan crisis is bad for Adani

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Original article by Matthew Stevens
The Australian Financial Review – Page: 26 : 27-Jul-17

Matt Canavan’s decision to step aside as Resources Minister over dual citizenship concerns could have implications for Adani’s proposed Carmichael coal mine. Canavan is a keen advocate of both coal and the Carmichael project, and he is highly likely to have approved a federal loan to Adani via the Northern Australia Infrastructure Facility. A final investment decision on the first stage of the Carmichael project is conditional on NAIF funding for the rail line component of the project. The question of whether the Australian Domestic Gas Security Mechanism will be triggered in 2018 is also uncertain after Canavan stood aside.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, ADANI ENTERPRISES LIMITED, ADANI MINING PTY LTD, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, RIO TINTO LIMITED – ASX RIO, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Adani coal bid clears native title hurdle

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Original article by Andrew Tillett
The Australian Financial Review – Page: 9 : 15-Jun-17

The Senate has passed amendments to the Native Title Act to overturn the Federal Court’s decision in the McGlade case. The court had ruled that an indigenous land use agreement would not be valid unless it was signed by every registered native title claimant, rather than just a majority of traditional owners. The McGlade ruling had major implications for Adani’s proposed Carmichael coal mine in Queensland. Some traditional owners oppose the project and intend to press ahead with legal action in a bid to stop it from proceeding.

CORPORATES
ADANI MINING PTY LTD, ADANI ENTERPRISES LIMITED, FEDERAL COURT OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. NATIONAL NATIVE TITLE TRIBUNAL, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, SUPREME COURT OF QUEENSLAND, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET