MINING CORPORATIONS – INDIA

Adani tries to get things moving at Carmichael

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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

Stop demonising us, says Adani chief

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Original article by Mark Ludlow
The Australian Financial Review – Page: 11 : 4-Dec-18

Adani Mining CEO Lucas Dow has called for the "demonisation" of its controversial Carmichael coal mining project in Queensland to end. Adani announced in the week ending 30 November that the project will finally go ahead, albeit on a much reduced scale, and that it will be self-funded. Dow says Adani accepts that some people are against the Carmichael project, but the debate about it proceeding or not should be based around facts, not "myths, half-truths and deceptions". He says Adani is sick of being used as a "political football".

CORPORATES
ADANI MINING PTY LTD, AUSTRALIAN LABOR PARTY, BHP GROUP LIMITED – ASX BHP, QUEENSLAND RESOURCES COUNCIL LIMITED, GETUP LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Coal boom looms after Adani start

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Original article by Michael McKenna, Jared Owens, Perry Williams
The Australian – Page: 1 & 2 : 30-Nov-18

India-based Adani will commence construction work on the Carmichael thermal coal project in Queensland’s Galilee Basin before the end of 2018. The mine and associated rail infrastructure is slated to cost less than $2bn, compared with initial expectations of $16.5bn. The scale of the project has been pared back from 60 million tonnes per annum to just 10 million in its first year, although this will gradually increase to 27.5 million tonnes. Queensland Resources Council CEO Ian Macfarlane says that up to five other coal projects in the basin could now proceed.

CORPORATES
ADANI MINING PTY LTD, QUEENSLAND RESOURCES COUNCIL LIMITED, MACMINES AUSTASIA PTY LTD, QUEENSLAND. OFFICE OF THE CO-ORDINATOR GENERAL, GVK INDUSTRIES LIMITED, HANCOCK PROSPECTING PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, SEW-EURODRIVE PTY LTD, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED

Renewables must be low-cost, says Adani local executive

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 15-Mar-18

India-based Adani will start generating renewable energy in Australia later in 2018, when the first stage of its Rugby Run solar farm in Queensland begins operating. It is part of a push by the coal miner to have 1,500 megawatts of renewable energy capacity in Australia by 2022. Adani has indicated that it could invest in other renewables in Australia, such as pumped hydro and wind power, while it may also invest in renewable energy production in Western Australia. Rugby Run has a long-term supply contract with Alinta Energy.

CORPORATES
ADANI ENTERPRISES LIMITED, ADANI MINING PTY LTD, ALINTA ENERGY (AUSTRALIA) PTY LTD, AURIZON HOLDINGS LIMITED – ASX AZJ

Adani denies environmental breaches

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Original article by Mark Ludlow
The Australian Financial Review – Page: 5 : 1-Mar-18

Adani has defended its environmental record with regard to the proposed Carmichael coal mine, arguing that the project has undergone a stringent approvals process at state and federal level. However. Adani is involved in several court cases regarding the Carmichael mine. Amongst other things, Adani is challenging a $A12,000 fine over the release of excess water at Abbot Point during Cyclone Debbie in 2017.

CORPORATES
ADANI MINING PTY LTD, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, TOWNSVILLE CITY COUNCIL

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

Adani’s end of year wait for loan decision

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Original article by Mark Ludlow, Peter Ker
The Australian Financial Review – Page: 6 : 8-Jun-17

Adani aims to finalising funding for the first stage of the $A16.5bn Carmichael coal project in December 2017. Adani still hopes to partially fill a $A3.3bn funding deficit via a concessional loan from the Northern Australia Infrastructure Facility. Resources Minister Matthew Canavan says the NAIF’s board is not expected to make a decision on the loan until the end of the year. Wood Mackenzie estimates that the thermal coal price will need to average $U82 per tonne – compared with $US74 at present – for the first stage of the Carmichael project to achieve a 15 per cent rate of return.

CORPORATES
ADANI MINING PTY LTD, ADANI ENTERPRISES LIMITED, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AURIZON HOLDINGS LIMITED – ASX AZJ, WOOD MACKENZIE

Adani mine has huge economic benefits: Turnbull

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Original article by David Crowe
The Australian – Page: 4 : 12-Apr-17

Prime Minister Malcolm Turnbull has highlighted the proposed Carmichael coal mine’s likely contribution to jobs growth and government revenue. Turnbull has held talks with Indian entrepreneur Gautam Adani, who believes that the project qualifies for funding from the Northern Australia Infrastructure Facility. However, Opposition Leader Bill Shorten says the Carmichael coal mine and rail project needs to be commercially and economically viable, and it should not receive financial assistance from taxpayers.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ADANI ENTERPRISES LIMITED, ADANI MINING PTY LTD, AUSTRALIAN LABOR PARTY, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY

Carmichael key to easing Indian poverty: Adani

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Original article by Geoff Chambers
The Australian – Page: 6 : 8-Apr-16

The Australian Greens has urged the federal and Queensland governments to reverse their approvals for Adani’s Carmichael thermal coal project. However, Adani Australia CEO Jeyakumar Janakaraj says the $A16bn project will increase India’s consumption of cleaner coal and help reduce poverty in the nation. Matt Canavan, the Minister for Northern Australia, adds that if the project does not go ahead India will simply source lower-quality coal from elsewhere.

CORPORATES
ADANI ENTERPRISES LIMITED, ADANI AUSTRALIA COMPANY PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIAN GREENS, QUEENSLAND RESOURCES COUNCIL LIMITED, BOWEN BASIN MINING CLUB

Activists fail to block Adani’s mine

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Original article by Mark Ludlow
The Australian Financial Review – Page: 15 : 16-Dec-15

The Land Court of Queensland has recommended that the State Government grant a mining lease to Adani for its proposed Carmichael coal mine. However, Land Court president Carmel MacDonald added that the mine’s approval should be subject to a number of conditions, and concluded that the economic benefits of the $A16.5bn project would be greater than its environmental impact. Environmentalists have sought to block the project.

CORPORATES
ADANI ENTERPRISES LIMITED, LAND COURT OF QUEENSLAND, CITIGROUP PTY LTD, INSTITUTE FOR ENERGY ECONOMICS AND FINANCIAL ANALYSIS, ENVIRONMENTAL DEFENDERS OFFICE LIMITED