Adani reaches landholder compensation agreements over Carmichael coal project

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Adani’s $21.7 billion Carmichael coal project has hit another significant milestone after reaching agreements on compensation with all landholders.

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Queensland’s Minister for Natural Resources and Mines Anthony Lynham has told Parliament that Adani now had 16 permits and approvals at local, state and federal level, including six primary approvals.

“I am advised that Adani has reached agreement on compensation with the remaining landholder. My department has advised that it is awaiting confirmation from Adani that the agreement can now be filed in accordance with the Mineral Resources Act,” the Minister said.

“Once that occurs I will be able to consider the application for the mining leases in the same way as for any other project. The other milestone the mine, rail and port project has achieved is the last key state-based approval for dredging for the Abbot Point expansion. The next step for Abbot Point is for Adani to finalise approvals for the rail in-loading facilities, onshore stockpile yards and offshore wharves and this is now underway.”

Adani’s Carmichael coal project, which received Parliamentary support for all State Government approvals on Tuesday, proposes an open-cut and underground coal mining with a yield of 60 million tonnes per annum and a 189-kilometre railway line.

It is expected to generate over $500 million annually in direct and indirect benefits to Queensland’s economy during construction and $3 billion at full export capacity.