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

Gas tax hike: Treasurer sparks energy backlash

Original article by Jamie Walker, Sarah Elks
The Australian Financial Review – Page: 1 & 6 : 12-Jun-19

Queensland Treasurer Jackie Trad has defended the state government’s decision to increase the royalty on gas production from 10 per cent to 12.5 per cent, arguing that the state’s LNG royalty has been frozen for 10 years. She describes the increase as a "modest measure" given than some countries have LNG royalties of up to 30 per cent. The Budget measure has been criticised by Queensland Resources Council CEO Ian Macfarlane and former federal resources minister Martin Ferguson, who warn of the impact of the move on gas supply and prices.

CORPORATES
QUEENSLAND. TREASURY, QUEENSLAND RESOURCES COUNCIL LIMITED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIAN LABOR PARTY, ACTU

Adani to get the all-clear on finch

Original article by Sarah Elks
The Australian – Page: 2 : 31-May-19

Queensland’s Environment Department is expected to announce on 31 May that it has approved Adani’s management plan for the black-throated finch at its proposed Carmichael coal mine. Approval for the plan could mean Adani just needs approval for its groundwater-management plan for construction of the $2 billion mine to commence. Meanwhile, Opposition leader Deb Freck­lington has accused Queensland Treasurer Jackie Trad of holding the mining industry to ransom over her proposed ‘voluntary’ $100 million regional infrastructure fund.

CORPORATES
QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, ADANI MINING PTY LTD, BHP GROUP LIMITED – ASX BHP, ANGLO AMERICAN AUSTRALIA LIMITED, PEABODY COALTRADE AUSTRALIA PTY LTD, GLENCORE COAL HOLDINGS LIMITED, QUEENSLAND. TREASURY

Finch trade-off breaks Adani mine stalemate

Original article by Sarah Elks, Michael McKenna, Charlie Peel
The Australian – Page: 1 & 2 : 24-May-19

The Queensland government is set to reveal a timeframe for approving the environmental plans for Adani’s proposed Carmichael coal mine. Adani Mining CEO Lucas Dow has welcomed the government’s commitment to set a timetable for approving the plans, after meeting with the state’s Co-ordinator-General and Department of Mining officials on 23 May. The department is expected to approve Adani’s management plan for the black-throated finch within weeks, having rejected it earlier in May.

CORPORATES
ADANI MINING PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. OFFICE OF THE CO-ORDINATOR GENERAL, QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, QUEENSLAND RESOURCES COUNCIL LIMITED, AUSTRALIAN LABOR PARTY, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA

Labor folds over Adani coal mine

Original article by Mark Ludlow
The Australian Financial Review – Page: 1 & 4 : 23-May-19

The Queensland Government is expected to approve Adani’s Carmichael coal mine within weeks, after Premier Annastacia Palaszczuk demanded an end to the delays that have stalled the project. Palaszczuk has described Labor’s federal election defeat as a "wake-up call", after having previously downplayed suggestions that the Adani debate had affected Labor’s vote in regional Queensland. Adani Mining CEO Lucas Dow has urged the state to act quickly to give final approval to the project, but Basha Stasak of the Australian Conservation Foundation says the government must not yield to pressure from Adani and the coal industry.

CORPORATES
ADANI MINING PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED, QUEENSLAND RESOURCES COUNCIL LIMITED, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, LIBERAL-NATIONAL PARTY OF QUEENSLAND, ADANI GROUP, QUEENSLAND. OFFICE OF CO-ORDINATOR GENERAL

Finch flies again to stall Adani

Original article by Charlie Peel, Michael McKenna
The Australian – Page: 1& 2 : 3-May-19

Queensland’s Department of Environment has told Adani that its environment management plan for the endangered black-throated finch is unacceptable in its current form. The finch inhabits the region around Adani’s proposed Carmichael coal mine in the Galilee Basin. Adani is also waiting on approval from the Department for its groundwater management plan, which the federal government has already signed off on.

CORPORATES
QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, ADANI MINING PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN GREENS, UNIVERSITY OF MELBOURNE

Labor two-faced on coal

Original article by Mark Ludlow, Luke Housego
The Australian Financial Review – Page: 1 & 6 : 1-May-19

The Queensland Government’s stance on Adani’s proposed Carmichael thermal coal mine is under scrutiny after it approved an expansion of Yancoal’s Cameby Downs mine, as well as several metallurgical coal mines. The government has been accused of double standards by Steve Smyth, the state president of the Construction, Forestry, Maritime, Mining & Energy Union. Adani CEO Lucas Dow in turn has accused the state government of hypocrisy for taking out newspaper advertisements promoting its support for resources projects while continuing to stall on approving the Carmichael mine.

CORPORATES
ADANI MINING PTY LTD, YANCOAL AUSTRALIA LIMITED – ASX YAL, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, WHITEHAVEN COAL LIMITED – ASX WHC, PEMBROKE RESOURCES PTY LTD, MACKAY CONVEYOR EQUIPMENT, QUEENSLAND RESOURCES COUNCIL LIMITED, LIBERAL-NATIONAL PARTY OF QUEENSLAND

Job risk from $100bn mine rehab charge

Original article by Perry Williams
The Australian – Page: 17 & 20 : 12-Nov-18

Modelling by EY suggests that mining rehabilitation laws that have been proposed by Queensland’s Treasurer Jackie Trad could lead to the closure of 16 mines and have a $100 billion impact on the state’s mining sector. The Queensland division of the CFMMEU and the Queensland Resources Council have jointly called on the state government to split its proposed legislation and enter into further negotiations over disputed aspects of the bill.

CORPORATES
QUEENSLAND. TREASURY, ERNST AND YOUNG, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, QUEENSLAND RESOURCES COUNCIL LIMITED, BHP BILLITON LIMITED – ASX BHP, ANGLO AMERICAN AUSTRALIA LIMITED, PEABODY RESOURCES LIMITED, GLENCORE AUSTRALIA PTY LTD

LNP leader prepares state for a greener future without coal

Original article by Jared Owens
The Australian – Page: 6 : 14-Jun-18

Queensland’s Opposition Leader Deb Frecklington says the state must embrace clean and reliable energy sources. She will commit to a policy of requiring state-owned electricity companies to invest in renewable energy generation if the Liberal-National Party wins the next election. The LNP previously supported coal-fired power generation under Frecklington’s predecessor Tim Nicholls, who stepped down after losing the 2017 election.

CORPORATES
LIBERAL-NATIONAL PARTY OF QUEENSLAND, AUSTRALIAN LABOR PARTY, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, ONE NATION PARTY, STANWELL CORPORATION LIMITED

Surplus built on coal and more tax

Original article by Mark Ludlow
The Australian Financial Review – Page: 4 : 13-Jun-18

The Queensland Government’s June 2018 Budget includes a surplus of $A1.5bn for 2017-18 and just $A148m in 2018-19. The government has also committed to spending $A11.6bn on infrastructure projects in 2018-19 and $A45.8bn over four years. This will contribute to a blowout in the state’s debt to $A83.1bn over the next four years. Revenue from coal royalties have topped $A3.77bn in 2017-18, after coal prices were higher than expected. The government will also raise an additional $A1.8bn via five new taxes over the next four years.

CORPORATES
QUEENSLAND. TREASURY, AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED, STANDARD AND POOR’S FINANCIAL SERVICES LLC, LIBERAL-NATIONAL PARTY OF QUEENSLAND