The Coal Council of Australia welcomes the Queensland Government decision to provide the final approval for the Adani mine in the Galilee Basin.
The mine will be beneficial for central and north Queensland with both direct jobs and wider economic benefits in towns from Gladstone to Townsville.
Today’s (June 13 2019) decision by the state government is long overdue and has been costly, there is no doubt it has damaged the investment reputation of Queensland and also Australia.
Clearly, project approval processes need to be revamped and streamlined to ensure this type of debacle is never repeated.
Over the past day, BP has released its annual energy report which shows strong Asian demand for thermal coal in the region. This contradicts detractors of the project who have said these types of investments have no future.
Demand for high-quality Australian coal remains very sound and is required to provide fuel for the large-scale expansion of high-efficiency low emission power stations in Asia.
Statement by Greg Evans Chief Executive – Coal Council of Australia