Skip to content
Search

Latest Stories

Queensland government rejects Adani's plan to protect endangered bird species

AUSTRALIA'S Queensland state government has rejected a management plan of Indian energy giant Adani to protect an endangered black-throated bird species, saying the company's proposals do not meet the approval conditions for the proposed billion-dollar mine project.

The environment department's decision will delay the controversy-hit Carmichael coal mine project indefinitely, media reports said Friday (3).


The black-throated finch management plan and a groundwater plan are the two persisting hurdles before the Indian energy giant could begin work on its mine project.

The groundwater plan remains under review of the state government.

According to media reports, Queensland environment officials met with Adani officials on Thursday (2) and said that the finch management plan could not be approved in its current form because "it fails to meet Adani's environmental authority".

The black-throated finch bird population at the site represents the largest known population of the endangered southern species, an environment spokesperson said.

The company would now have to review its management plan to protect the species and re-submit it.

In response, Adani's Australian CEO Lucas Dow said: "We are now feverishly working through their new requests".

"Although we believe the current version of the black-throated finch management plan already meets our project conditions, we are not going to be pig-headed about it and we will review the feedback.

"Department officials that are presiding over this have been reviewing those plans throughout 18 months, so to now get to the 11th hour and have them provide some additional requirements they believe are required have left us scratching our heads a little," he said.

The Queensland government has dragged its feet to this point, Dow said.

Adani, which already has mining and environmental licences from the state government, requires the state approvals on management plans on the endangered finch bird and groundwater in order to commence the mine construction.

The company was given green light from the federal government for its groundwater plan last month before the Morrison Government announced election dates.

The project has passed several legal challenges in court since 2010 and is seen as a most scrutinised coal project in the country.

Gautam Adani-led Adani Group entered Australia in 2010 with the purchase of the greenfield Carmichael coal mine in the Galilee Basin in central Queensland, and the Abbot Point port near Bowen in the north.

The massive coal mine in Queensland state has been a controversial topic, with the project expected to produce 2.3 billion tonnes of low-quality coal.

The Adani project had recently received a clearance from the Australian federal government for development.

The federal approval came just before prime minister Scott Morrison announced elections.

Carmichael would be the largest coal mine in Australia and one of the biggest in the world.

Adani said last year it would fully fund the coal mine and rail project itself but did not give an updated estimate of the cost of the mine.

The mine previously estimated at about £2.23 billion.

(PTI)

More For You

Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less
Asda suffers nearly £600m loss as debt and IT costs surge

Asda co-ownerMohsin Issa. (Photo: Asda)

Asda suffers nearly £600m loss as debt and IT costs surge

ASDA, one of Britain’s largest supermarkets, has reported a pre-tax loss of £599 million for 2024, swinging sharply from a £180 million profit the previous year.

The loss comes despite total sales rising by over £1 billion to £26.8bn, as the retailer faces mounting debt costs, falling sales, and spiralling spending on a major IT overhaul, the Telegraph reported.

Keep ReadingShow less
Mounjaro

Mounjaro, or tirzepatide, is part of a new class of weight-loss medications, with trials showing patients losing an average of 20 per cent of their body weight after 72 weeks.

Reuters

Lilly to sell Mounjaro pens in India as Wegovy enters market

ELI LILLY said on Thursday that it has received approval from India's drug regulator to launch pre-filled injector pens of its weight-loss drug, Mounjaro.

The move gives the company more options to compete with Novo Nordisk, which recently launched its weight-loss drug Wegovy in the country.

Keep ReadingShow less
Grant Thornton's Anuj Chande urges UK firms to tap booming India

Anuj Chande

Grant Thornton's Anuj Chande urges UK firms to tap booming India

INDIAN companies are well placed to support the UK’s economic growth, Eastern Eye has been told by Anuj Chande, partner and head of the South Asia Business Group at Grant Thornton.

He was speaking after the publication of Grant Thornton’s India Meets Britain Tracker 2025: The latest trends in Indian investment in the UK, which was released last week. While companies in India need little encouragement to enter the UK market, the reverse is not true.

Keep ReadingShow less