Adani To Self-Finance Queensland Mine

Mining giant Adani will now self-finance its controversial Carmichael coal mine project, and claimed works will start "imminently".

Adani Mining chief executive Lucas Dow was in Mackay on Thursday to announce the project has the funds it needs to move forward with its Carmichael mine in the state's Galilee Basin.

The company last month announced it was scaling back the size and scope of the project, from a 60 million tonnes a year $16.5 billion mega-mine, to 10 to 15 million tonnes a year.

Despite announcing the news with much fanfare, critics of the mine point out that Adani requires several environmental approvals before progress can begin.

Dow said the plan will initially begin with the development of a smaller open cut mine "comparable to many other Queensland coal mines", before the project is expanded.

“We will now deliver the jobs and business opportunities we have promised for North Queensland and Central Queensland, all without requiring a cent of Australian taxpayer dollars," Dow said.

Resources minister Matt Canavan welcomed the news, but others were not so happy. Federal Greens politicians were quick to criticise the Adani news, and called on Labor and Coalition members to block the mine from opening.

Senator Larissa Waters said the parliament could review and revoke Adani's approvals to build the Carmichael mine, and wanted the government to re-evaluate the entire project.

"It still needs to submit its water management plan, a handful of other biodiversity management plans it needs to submit. We all know this mine would be not just an enormous climate destroyer but a massive water sucker," Waters claimed.

Member for Melbourne, Adam Bandt, said it was a "test for Labor", which he will attempt to bring up next week in parliament.

"If Labor is prepared to work with us next week to stop Adani, we can take action in the House of Representatives and potentially the Senate to keep the coal in the ground," he said.

Numerous environmental groups also quickly voiced their concern.

“Adani’s announcement doesn’t mean this dangerous coal mine is a done deal. There are numerous regulatory hurdles, approvals and management plans to clear. Adani still needs to sign contracts, secure access to rail lines and unacceptably move to extinguish native title," said Australian Conservation Foundation CEO, Kelly O’Shanassy.

“The Stop Adani movement will fight this proposed mine every step of the way. There is too much at stake."

Environmentalist and former Greens leader Bob Brown said he was planning large-scale action against the mine in the leadup to the next federal election, due early next year.

“If the mine does proceed, our gathering in protest will proceed and join others as well," Brown said.

"Let the issue be decided in the ballot box. Australians can choose between coal and coral. This election is now shaping up as a referendum on accelerated global heating.”

More to come.

With AAP.

Featured Image: AAP