Skip to content
Search

Latest Stories

India's Adani Could Win Carmichael Mine Approval Within Two Years: Queensland Official

INDIA'S Adani Enterprises could theoretically win environmental approval for construction of the Carmichael coal mine in Australia in the next two years, a Queensland state resources official said, despite opposition from activists concerned about its impact on the Great Barrier Reef.

The firm, which plans to start producing around 10 million tonnes of coal a year and eventually ramp up to 27.5 million tonnes, has been at loggerheads with environmental activists in the eight years since the project was first proposed.


The comment on potential approval came in an interview with Caoilin Chestnutt, Queensland's Resources Investment Commissioner, on the sidelines of the Coaltrans conference in New Delhi late yesterday (20). Her agency is not responsible for issuing environmental approvals for the project, which is regulated by Queensland's department for environment and science.

Chestnutt said that she believed environmental clearance for the project could in theory be given in the next several months. Carmichael is one of the world's biggest greenfield coal projects in recent years.

"I would guess, but it is an absolute mess, six months to two years," she said. "They (department of environment) have said they (Adani) have to go back to the drawing board and draft a management plan."

The Queensland department for environment and science has said two approvals were required, one relating to a plan to protect an endangered bird species, the black-throated finch, and another to identify the source aquifer of ground water in the area.

Chestnutt said protests against the mine were a "hindrance" and that there was a lot of misinformation about the mine that needed to be challenged.

Asked what she considered "misinformation", she said, "I think people just think that coal is dirty and global warming is a major issue, and people just like to blame the coal business for that, carbon dioxide for that."

A spokesman for Adani said the firm expected to move faster on the project in future.

"We have provided all required information data and feedback needed for this process to be completed and accordingly we expect to have these plans approved in the very near term," the spokesman said.

The company last week slammed a report on the endangered bird which was reviewed by the Queensland government, calling it "an anti-Adani lobbying document, dressed up as science," and said they wanted to advance their project.

(Reuters)

More For You

India's Aurobindo clarifies Zentiva buyout reports as ‘premature’

FILE PHOTO: A pharmacist shows a box of Prednisolone by Zentiva in Brest, western France. -(FRED TANNEAU/AFP via Getty Images)

India's Aurobindo clarifies Zentiva buyout reports as ‘premature’

INDIA's Aurobindo Pharma on Wednesday (20) dismissed media reports suggesting it had finalised a deal to acquire Czech drugmaker Zentiva, calling the claims “premature” and added that no binding agreement has been signed.

The clarification came after The Economic Times reported that Aurobindo was the frontrunner to acquire Zentiva from US-based private equity firm Advent International in a deal valued between $5 billion and $5.5bn (around £3.95bn to £4.35bn). If confirmed, this would be the largest-ever overseas acquisition by an Indian pharmaceutical company.

Keep ReadingShow less
UK grocery inflation eases to 5 per cent in August

Britain’s food retailers have said that higher employer taxes and regulatory costs as well as increased staff wages are adding to inflationary pressure

iStock

UK grocery inflation eases to 5 per cent in August

British grocery inflation nudged down to stand at five per cent over the four weeks to 10 August, data from market researcher Worldpanel by Numerator showed on Tuesday (19), providing a little relief for consumers.

The figure, the most up-to-date snapshot of UK food inflation, compared with 5.2 per cent in last month’s report.

Keep ReadingShow less
SNEYD Launches Mobile App, Simplifying Cloud Mining for Global Cryptocurrency Investors

SNEYD Launches Mobile App, Simplifying Cloud Mining for Global Cryptocurrency Investors

As the global cryptocurrency market expands, UK-based cloud mining platform SNEYD has released a new mobile app that redefines how users participate in cryptocurrency mining. This launch provides a seamless experience for users looking to earn passive income from Bitcoin, Dogecoin, Litecoin, and other major digital assets—without requiring hardware or technical expertise.

As the global cryptocurrency market expands, UK-based cloud mining platform SNEYD has released its new mobile app, redefining how users can participate in cryptocurrency mining. This launch provides a seamless experience for users looking to earn passive income from Bitcoin, Dogecoin, Litecoin, and other

Keep ReadingShow less
Modi-Getty

In his Independence Day address, Modi said the goods and services tax (GST) would be reformed and rates lowered by Diwali, which falls in October. (Photo: Getty Images)

Getty images

India to slash consumption tax by October after Modi’s reform push

INDIA’s government will reduce consumption tax rates by October, a top official said on Friday, hours after prime minister Narendra Modi announced reforms to support the economy amid trade tensions with the United States.

The federal government is planning a two-rate structure of 5 per cent and 18 per cent, removing the existing 12 per cent and 28 per cent slabs, the official told Reuters, requesting anonymity as the plans are still under discussion.

Keep ReadingShow less
Morrisons CEO joins Gol Gappay eating contest to mark South Asian Heritage Month

CEO of Morrisons Rami Baitiéh (centre) takes on the Heera Foods Gol Gappay challenge

Morrisons CEO joins Gol Gappay eating contest to mark South Asian Heritage Month

Morrisons chief executive Rami Baitiéh took part in a lively “Gol Gappay Challenge” at the supermarket’s Bradford headquarters on Tuesday, as part of celebrations for South Asian Heritage Month.

The event, hosted in the company’s central atrium, was led by Bradford-based Heera Foods, which served up its popular Gol Gappay – crispy puris filled with spiced chickpeas and tangy water – to staff and visitors.

Keep ReadingShow less