Another hurdle in Adani Australian mine

The agreement was signed on Tuesday. Adani now needs to strike a similar compensation for council infrastructure as well as landholders and native title holders before getting its mining lease. That will then allow the company to make formal approaches to banks for financing for the mine. The mining compensation agreement recognises that part of Adani’s mining operations will be over council-controlled road and reserves. 

Mayor of Isaac region in the state, Anne Baker said, “Our joint focus is to responsibly deliver mutual and long-term economic benefits for the community”. She said Queensland’s mining sector has suffered with over 20,000 jobs losses over the past two years. 

The Queensland state in February gave environmental  approval to controversy-hit project but with about 140 conditions. Adani’s plan to build one of the world’s largest coal mines in Australia has been hampered time and again. A federal court in August last year had revoked the original approval due to a bureaucratic bungle over two vulnerable species, the yakka skink and the ornamental snake.