During his current trip to India, Malcolm Turnbull met with Gautam Adani and other senior Adani executives to discuss the $21 billion Carmichael coal mine.
Gautam Adani is about to make the final investment decision regarding the mine, which will be Australia’s largest. It is understood that Turnbull advised Gautam Adani and the other executives that issues regarding Native Title on the land would soon be resolved.
Gautam Adani is believed to have asked Turnbull to resolve the issue over Native Title. According to reports Malcolm Turnbull confirmed that the issue needed to and would be fixed.
A recent federal court ruling brought into question over 100 mining and pastoral agreements with Native Title Holders. One of these agreements covered Adani’s Carmichael mine. The Senate is currently examining the fallout of this ruling, furthermore, the Federal Government is also trying to pass legislation to reverse the court ruling.
This news follows a recent decision by the Queensland Government to grant the Carmichael coal mine an unlimited 60-year water license. According to the license, the only requirements will be for Adani to monitor and report the amount of water they are using.
Given the support of the project from both the Australian Federal Government and Queensland State Government is appears that it is only a matter of time before the project receives the final go ahead, despite ongoing protests.
Government support is not surprising given the project is expected to produce 60 million tonnes of thermal coal for export, along with up to 10,000 direct and indirect jobs across the mine, port and rail developments.