Project – ActiveThis profile is actively maintained
Project – ActiveThis profile is actively maintained
Why this profile?
The Carmichael coal mine project is built on the ancestral lands of Indigenous Australians who never gave Adani their consent. The project is having a negative impact upon its immediate environment, but it is also contributing significantly to climate breakdown: Carmichael will emit approximately 4.7 billion tonnes of carbon pollution over its anticipated 60-year lifespan.
What must happen
Banks and other financial institutions should declare their intention not to finance the Carmichael coal mine project. Banks providing services for Adani must refuse to arrange finance for any mine expansions and demand the winding down of extraction as soon as possible.
The Carmichael coal mine project is located in Australia’s North Galilee Basin, in central Queensland. The open-cut mine is owned and operated by the Indian conglomerate Adani, which renamed its Australian arm to Bravus Mining and Resources in late 2020. The mine has the production approval for 60 million tonnes of thermal coal per year, but in 2018 this goal was scaled down to 10 million tonnes per year when Adani struggled to obtain sufficient funds. Accordingly, construction costs shrank from an estimated AUD 16.5 billion to AUD 2 billion. The project incorporates hundreds of kilometres of railway tracks, leading to the North Queensland Export Terminal, which threatens the Great Barrier Reef. From there, Carmichael’s coal is shipped to India and Southeast Asia. Construction began in June 2019 and the mine’s first shipment left Australia at the end of 2021.
Impact on human rights and communities
The infringement of Indigenous Australian rights has been central to the development of the Carmichael coal mine. The facility has been built on the land of the Wangan and Jagalingou peoples, who strongly opposed the project. In 2018, an Australian court quashed a case brought against Adani’s plans by the Wangan and Jagalingou peoples. In August 2019, it was revealed that the Queensland government had granted Adani exclusive possession freehold title over the land in question, without any public consultation. This decision effectively made Wangan and Jagalingou protestors trespassers on what is considered to be their traditional lands.
Impact on climate
Colossal carbon dioxide emissions will follow as Carmichael’s coal reserves are steadily extracted and burned. The mine produces 10 million tonnes of coal per year, making it responsible for emitting an estimated 20 million tonnes of CO2. If the mine fulfils its potential, output would increase to 60 million tonnes of coal per year.
In 2015, The Australia Institute think tank calculated that, if and when Carmichael produces 60 million tonnes of coal per year, it will have higher annual emissions than Bangladesh. In 2017, the Climate Council of Australia reported that the country must not develop any new thermal coal mines if Australia’s commitments under the Paris Climate Agreement are to be achieved.
Impact on nature and environment
Vital habitat is being lost to make way for the Carmichael project’s sprawl. If the mine reaches full capacity it will cover 44,700 hectares, including 20,000 of bushland that sustains threatened species. For example, 16,000 hectares of endangered black-throated finch habitat has already been impacted or destroyed and in April 2022, conservationists accused Adani of failing to respect its habitat offsetting commitments.
Significant local groundwater drawdown threatens an array of habitats and animals. A Great Artesian Basin discharge spring wetland called Doongmabulla Springs will be impacted, which hosts endemic and threatened plant species that may not survive without it. In 2021, a scientific paper authored by Adelaide’s Flinders University concluded that the hydrogeology of this wetland was still not adequately understood, which puts it at risk of irreversible decline.
Necessary for the mine’s operations, this drawdown is expected to impact groundwater-dependent species and communities along the Carmichael River, such as red river gum trees that provide koala habitat. The ‘Water Resources’ chapter of the Carmichael coal mine’s Environmental Impact Assessment (EIS) states “riparian vegetation, particularly the stands of mature River Red Gum and Paper Bark tree communities, may be potentially impacted by a reduction in the direct groundwater discharges underlying the river and discharge from the Doongmabulla Springs. Any significant reduction in groundwater levels and or surface water flows in the Carmichael River [...] has the potential to impact on the health of these communities.” The EIS failed to analyse this impact, instead suggesting “ongoing monitoring [...] to quantify the magnitude of these impacts.”
The draining of water sources in the wider area is necessary for the Carmichael project. In June 2018, Adani stated its intentions to take 10 billion litres of water from the Suttor River for the mine, necessitating a dam and pipeline. Approximately 300 kilometres east of the North Galilee Basin, the area surrounding the Sutton River was experiencing a drought at the time. Adani claimed an EIS was unnecessary for this proposal however, because it was not covered by a Federal water trigger. Such tactics raised the question of whether or not Australia’s development approvals system is adequately equipped to protect the environment.
The erosion of state authority and environmental protections is a long-established Adani hallmark. Adani's flagship project is the largest private port in India, Mundra in Gujarat. Adani deliberately concealed and falsified material facts during Mundra’s application process. Construction began illegally and multiple violations of the development approvals included the mass clearing of mangroves.
In 2020, Adani pled guilty to giving 'false or misleading documents’ to Queensland's environmental regulator and was fined AUD 20,000.
In late 2018, Adani announced that it would finance the Carmichael project itself, but in August 2021 it was reported that the State Bank of India was still considering arranging a AUD 1 billion loan for Bravus Mining and Resources (Adani Australia).
It has been established that a selection of other banks could also be financing the Carmichael project unintentionally. Deutsche Bank, Standard Chartered, Barclays and JPMorgan Chase all refused to arrange finance for Carmichael, but each was appointed to run a USD 1.25 billion bond issue for Adani Ports and Special Economic Zone (APSEZ) in 2020; Adani may be able to shift these funds to Australia.
For financiers of Adani see BankTrack's Adani Group profile.
In August 2015, Commonwealth Bank of Australia (CBA), followed by Standard Chartered, backed off from the Carmichael project. In September 2015 National Australia Bank (NAB) declared to rule out financing for the Carmichael project, adding itself to a list of fourteen international banks (among them Deutsche Bank, HSBC, State Bank of India) which already decided so.
Applicable norms and standards
Japan’s megabanks: no net-zero banking ambition
Adani Carmichael Coal Mine destroying cultural artifacts of indigenous Australians
Indigenous Australians to investors: Dump Adani Group
Adani Group (financed by JP Morgan, MUFG, HSBC, BlackRock) is running an enormous fossil fuel project in Australia, violating Indigenous Rights
Legal advice says Deutsche Bank breaching own coal policy by financing companies building new coal mines
How Australia’s expanding environmental movement is breaking the climate action deadlock in politics
U turn? MNC banks now okay with Adani 'interest' in emissions-intensive industry
‘Highly implausible’ that new Galilee Basin coalmines would be profitable, study finds
Revealed: HESTA and other super funds investing in Adani coal mining subsidiary
Standard Chartered and Barclays fund Adani’s coal mining subsidiary
Indigenous custodians target Deutsche Bank for ‘breaking promise’ on Adani
Net zero vs zero ambition - the choice at Standard Chartered AGM
Exclusive: Helvetia rules out involvement in controversial Adani coal mine
Billionaire Adani’s disputed mine shows ditching coal isn’t easy
US bank BNY Mellon cuts ties with Adani’s Carmichael coal mine
Banks’ green pledges under scrutiny
Bank of New York Mellon involved in potential Adani coal deal
Standard Chartered shareholders challenge bank to live up to net zero promise on fossil fuels
New Adani mine project puts remote Indian villages at the coalface
Deutsche Bank, JPMorgan and Standard Chartered break promise and loan US$1 billion to Adani coal miner
State Bank of India still considering loan to “fully funded” Adani coal project
Adani wants children to solve global warming while it makes things worse
Arch Capital Group rules out underwriting controversial Adani coal mine
Top Indian bank drags its feet on billionaire Adani coal loan
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
HSBC shareholders seek exit from funding Adani's 'contentious' Australian coalmine
Siemens under pressure again over Australia mega coal mine
Major Lloyd's insurer Brit says it will not insure Adani's Carmichael thermal coal mine
Bravus (formerly Adani) accused of environmental breaches, amid concerns about 'significant erosion'
Adani Ports bonds issue: DB backed out on green concerns
DRA Global secures $108m contract for Carmichael project in Australia
Adani to Raise $2.5 Billion From Green Deal With Total
Big banks lead SBI bond despite Adani controversy
BlackRock, Storebrand pressure Indian bank over coal mining loan
Amundi gives bond warning to State Bank of India over Adani's Australian coal mine
“No 1B Adani Loan” Protestors Barge Into Sydney Cricket Ground In A Bid To Protest Against SBI
#StopAdani protesters tresspass into the INDvsAUS ODI match
State Bank of India set to offer Rs 5000 cr loan to Carmichael coal project in Australia
Calls for Lloyd's of London to rule out insurance for Adani coal mine
Queensland teenagers lodge legal action against Adani coal mine to save Great Barrier Reef
Queensland strikes royalties deal with Adani coalmine, allowing it to defer payment
Adani legal action sparks fears journalists could be targeted over Carmichael mine leaks
Access to Adani’s Carmichael coal mine in Queensland blocked by traditional owners
Second major Korean brokerage withdraws financial backing for Adani's coal projects
Adani mine: three major insurers to have no further involvement in coal project
Australia: Activists outraged as Siemens backs Adani mining project
Coal finance exit in France – Banks and insurers urged to drop coal expansion clients and make good on commitments
A message from Wangan & Jagalingou Traditional Owners
Queensland extinguishes native title over Indigenous land to make way for Adani coal mine
How one billionaire could keep three countries hooked on coal for decades
Adani still vulnerable on insurance for its Carmichael mine and railway
Adani’s coal mine obtains cover despite backlash
The Carmichael Coal Mine: Despite Approval, Uncertainties Abound
Campaigners criticise 'reckless' approval of Adani mine in Australia
Adani Mining’s Carmichael coal mine plan gets the thumbs up
IEEFA Australia: Queensland government about to make poor economic decision on Adani mine
Non, merci! Rothschild & Co. walks away from Adani
Rothschild & Co bank called on to end support for Adani’s massive new coal mine
Media Release: World’s biggest insurers will not cover Adani Group’s Carmichael coal mine
Korea Development Bank rules out financing the Adani Carmichael coal mine and infrastructure
Carmichael the coal mega-project Adani just can't kill
State and federal investigation launched into Adani's Carmichael water drilling
Adani looks to Rothschild to sell slice of its coal port operations
Adani losses prompt mining company to shift away from imported coal
The war on coal is making the world’s top mine owners a lot richer
Federal government to lend money to Adani business associates
Chinese banks rule out Carmichael coal mine!
Indigenous group mounts last-ditch court bid against Adani
Adani Group: China Construction Bank won't grant loan, PR firm says
Profits of Adani's Carmichael mine company tumble, leaving it in financial peril
Westpac out of Adani Abbot Point refinancing?
Adani says it will break ground on Carmichael rail link 'within days'
Abbot Point coal terminal: Westpac may not refinance Adani loan
Banks shy away from Adani's $US500m bond issue
Adani: Thousands turn out across Australia to protest against Carmichael coal mine
IEEFA Australia: Escalating financial risk in Adani's Abbott Point Coal Terminal
Adani will begin construction of its Carmichael coal mine in October
Adani mining giant faces financial fraud claims as it bids for Australian coal loan
Carmichael coalmine: Commonwealth Bank indicates it will not lend to Adani
Adani will have to dig deep as banks shun Carmichael
Queensland Investment Corporation denies planning to fund Galilee coal mines
Adani gives 'green light' to $16bn Carmichael coal mine
Westpac’s new climate policy rules out most new coal mines – including Carmichael!
Westpac’s new climate policy rules out most new coal mines – including Carmichael
Commonwealth Bank indicates it will not lend to Adani's Carmichael coalmine
Adani coalmine: ANZ chief suggests bank would not finance Carmichael project
Adani Carmichael coal mine rail line and camp approved
We should be putting the brake on the Carmichael coalmine, not hitting the accelerator
Carmichael mine to be given 'essential' status in sign of Palaszczuk support
Indigenous opponents of Adani's Carmichael mine to intensify court battle
Adani freezes investment in Carmichael mine until world coal price recovers
Australian coalmines are one of riskiest investments in the world – report
Four reasons why the Carmichael mine still might not go ahead
NAB rules out funding Adani's Carmichael mine as buyer LG pulls out
National Australia Bank rules out funding Adani's Carmichael coal mine
Adani loses LG as big customer for Carmichael mine
Treasurer Curtis Pitt says Galilee Basin mining not the be-all and end-all for Queensland economy
Adani’s Australia coal project may turn a ‘stranded asset’: Citi
How Adani group can get its USD7.2 billion coal mine project in Queensland back on track
Global insurer Aviva warns of 'grave reputational risks' of Carmichael mine
Adani cancels second bank, Standard Chartered, from Carmichael project
Standard Chartered quits controversial Carmichael coalmine in Queensland
Major UK bank ditches giant coal mine threatening Great Barrier Reef
Adani mine's fate may hang in balance for some time
Tony Abbott's defence of the Carmichael coalmine is passionate but baseless
Adani could pull out of USD16.5 billion project
Commonwealth pulls out of Carmichael mega-mine
Standard Charter faces calls to quit 'carbon bomb' mine
Adani's coal pariah the last hope for Queensland's Galilee Basin
Costly Coal - Standard Chartered's role in a coal project threatening the Great Barrier Reef
Future of Carmichael mine hinges not on skinks or snakes, but its business case
Greenpeace calls for Adani licence to be revoked over Carmichael mine
Adani dissolves 50-strong project team from troubled USD16.5 billion Carmichael mine
Uncertain future for Adani’s Carmichael coal mine
Queensland government denies delaying Adani's Carmichael mine
Adani halts engineering work on controversial Carmichael mine – sources
Indigenous Australians call on Standard Chartered not to fund coal mine project
Pressure builds for UK’s Standard Chartered to refuse investment to Great Barrier Reef coal project
Aboriginal landowners throw fresh legal challenge to Adani Group's Carmichael coal project in Australia
Australia Lures USD21 Billion Bet on Coal Rebound: Energy Markets
Don’t invest in Australia coal mines, scientists warn banks in bid to halt climate change
Commonwealth Bank under pressure to rule out Galilee coal support
The financial case against Australia's largest coal mine
Standard Chartered vows to review role in Australian coal mine project
Greenpeace activists protest Standard Chartered’s role in reef wrecking coal mine
Standard Chartered faces pressure to cut links to Australian 'carbon bomb' project
Queensland's miners will need a miracle to profit from coal now
Adani Mining feels heat over USD14 billion Galilee Basin coal mine gap
Adani Carmichael mine to create 1,464 jobs, not 10,000
Adani coalmine would not deliver jobs and royalties promised, land court hears
Adani Group in talks with Korea, China banks for Australia project
The quiet death of the SBI-Adani loan agreement
Australian banks may still want to fund Adani’s disputed coal project
Adani project faces fresh trouble by Australian aboriginals
Adani has ambitious plan to open Carmichael megamine in Galilee Basin by 2017
Three French banks refuse to finance Galilee Basin projects
French banks refuse to finance Great Barrier Reef coal mines ($)
Les banques françaises se retirent du plus grand projet charbonnier au monde
Victory for the climate and environment: French banks pledge not to finance mega coal projects in Australia's Galilee Basin
Aboriginal group fights to stop $16bn Carmichael coalmine, Australia’s largest
Great Barrier Reef campaign: scientists call for scrapping of coal projects
India's SBI to turn down Adani's $1 bln Australian loan request - sources
Nick Minchin lobbies foreign banks over Abbot Point investment
The court case that could choke mining in Australia
With Queensland election promises, and mining projects, it's wise to keep digging
Federal court asked to overturn Adani mine approval due to impact on Great Barrier Reef
Abbot Point: onshore dump would favour Adani, say coal miners
Three French banks refuse to finance Galilee Basin projects
Standard Chartered and CommBank pull out of massive Carmichael coal mine
Adani's Queensland coal rail deal gets extension of time
Keystone XL and Galilee basin threaten to bring down the global climate talks
Activists Gun For Indian Billionaire's Great Barrier Reef Project
$1 billion Adani loan: Commercial decision or politics at play?
Trinamool slams SBI's $1-bn loan to Adani group
Australia's Partnership With an Indian Mining Giant Could Destroy the Great Barrier Reef
National Stock Exchange of India quizzes Adani on loan for Galilee Basin coal project
Adani’s week of positives in an anti-coal atmosphere
Wise investment or fossil fools? Queensland backs coal as G20 moves the game on
RAN Applauds Move by U.S. Banks to Reject Australian Coal Port
Carmichael mine: Indian conservation group joins legal battle with Adani
Crunch time for coal frontiers as costs could scuttle
Take it from us in India: the world needs renewables, not more Australian exported coal
The environment deserves more than this drop in a bucket
Adani needs capital to fund Galilee coal project
India’s Adani to proceed with $16b Queensland coalmine
Greg Hunt says green-lighted Galilee Basin coal mine won't have big impact on Great Barrier Reef
Increase in clean energy cess on imported coal: Adani, GVK and Tatas to redraw foreign assets
Australian banks face more pressure over support for coal projects
Queensland shelves A$10bn Great Barrier Reef coal port
Australian coal industry caught in ‘perfect storm’
RBS joins move to shun Abbot Point financing
Royal Bank of Scotland Rules Out Financing Major Coal Port Expansion
Coal demand falls globally; Adani,GVK to take a hit
Adani Group's Great Barrier Reef Project In Troubled Waters
Deutsche Bank says No to Financing of Coal Harbor on the Great Barrier Reef
Adani Enterprises may raise USD 1.5 bn via overseas bonds
Adani forced to wait longer for Carmichael coal mine approval
Galilee Basin coalmine: Queensland government granted approval despite expert environmental concerns
Adani, GVK, Lanco seek to cut stake in Australian coal mines
Adani arm to raise $1.5 bn in overseas debt in 2014
Queensland approves construction of one of world's biggest coal mines
Doubts raised over financial viability of Galilee Basin coal mine proposal
Australian coalmining is entering ‘structural decline’, reports says
India unlikely to be able to afford Australian coal
Press release – The beginning of the end of imported coal in India: report exposes economic flaws
Big Four Australian banks lose customers over fossil fuel gamble
UNESCO condemns Federal Government's approval of dredge spoil on Great Barrier Reef
Forecaster says mining in Galilee won't go ahead
Modi-fied rally in Adani stocks not backed by fundamentals
Questions around economic benefits of rail development
Australia project: Adani, GVK expect financial closure by 2015
Adani may divest 50% stake in Australia mining, rail projects
Greenpeace calls for Galilee Basin halt until threat to rare birds is assessed
Carmichael Coal Mine: Unacceptable Impacts on Major Rivers and Groundwater
Adani’s US$7bn Australian coal project unviable
Stranded assets, anyone? Testing times for the fossil fuel market
Adani Abbot Point Terminal Plans $1.2 Billion Debt Issue
Reef port builder Gautam Adani facing fines over India breaches
Investors worried how long Adani Group will keep its head above water
How Australian Coal is Causing Global Damage
Gautam Adani bullish on prospects for India energy
Report triggers campaign to prevent Australian fossil fuel investment
Stranded Assets in the Coal Export Industry? The Case of the Australian Galilee Basin
Investor Briefing: Adani Ports to haul Carmichael coal, exposing investors to reputational & financial risks
A house of cards in Australia: Adani's Abbott Point coal terminal faces escalating financial risk
The Adani Brief
Standard Chartered's involvement in the Carmichael coal mine would be 'non-standard' and 'unchartered', on the bank's own terms
(Mis)calculated risk and climate change. Are rating agencies repeating credit crisis mistakes?
A review of the Adani group’s environmental history in the context of the Carmichael coal mine approval
Research Briefing: Adani’s record of environmental destruction and non - compliance with regulations.
Greenpeace submission for the Environmental Impact Statement for the Carmichael mine and rail project
Tomorrow’s Generation: The Adani Carmichael Coal Mine
Market Forces: NAB rules out funding for Carmichael coal mine
UNESCO: Protect the Great Barrier Reef, Not Coal!
Greenpeace threatened Species Unit in the Leard State Forest
Abbot Point Wetlands: why risk this beautiful place for coal?
Greenpeace action against coal
Dirty vabks Financing Australian Coal
Great Barrier Reef: Thrills and Spills
2022-05-26 00:00:00 | Study declares Galilee Basin coal projects economically unviable
An analysis by German academics in conjunction with Australian experts has concluded that any new coal mines in Australia’s Galilee Basin are economically unviable in the long-term. The study says there is a high chance that any such project – including Adani’s Carmichael coal mine project – will become a stranded asset.
2021-12-29 00:00:00 | Carmichael’s first coal shipment has left Australia
Following years of financial and environmental obstacles, the Carmichael coal mine project’s first shipment has set sail from the North Queensland Export Terminal. CEO David Boshoff said the project will “supply high-quality Queensland coal to nations determined to lift millions of their citizens out of energy poverty”.
2020-12-01 00:00:00 | Amundi issues green bond warning to SBI
The French asset manager Amundi has threatened to sell green bonds it holds in State Bank of India (SBI), if the bank grants its proposed USD 650 million loan for Adani's Carmichael coal mine.
2020-11-17 00:00:00 | State Bank of India set to arrange Bravus coal mine loan
The State Bank of India (SBI) is set to arrange a USD 650 million loan for Adani’s Australian mining company, Bravus. Bravus is behind the controversial new Carmichael coal mine project.
2020-10-01 00:00:00 | Queensland signs deal permitting deferment of Adani royalty payments
In a move described as a “disgrace” by the Australian Conservation Foundation, the Queensland government has signed a deal permitting Adani to defer the payment of Carmichael coal mine royalties. Adani has been struggling to secure finance for the project, so this deal will facilitate cash flows.
2020-09-10 00:00:00 | Adani forced to haul its own coal
It has been revealed that Adani plans to establish its own rail company to transport its Carmichael coal from pit to port. Called Bowen Rail Company, there is no mention of Adani or Carmichael in any of its communications. Owned by Adani Ports and Special Economic Zone (APSEZ), Bowen Rail Company represents an opportunity for Adani to funnel money from APSEZ financiers into the unpopular Carmichael project.
2020-06-04 00:00:00 | Adani signs AUD 350 million deal for the construction of rail network
Adani has signed a AUD 350 million contract with BMD Group for the construction of a 200-kilometre rail network for its Carmichael coal mine.
2019-06-13 00:00:00 | Carmichael mine receives final approval from state government
Queensland’s Department of Environment and Science has approved the Carmichael coal mine project’s Groundwater Dependent Ecosystems Management Plan. This final approval leaves Adani free to start construction.
2018-11-05 00:00:00 | Adani shrinks plans for Carmichael coal mine project
Adani has scaled back its Carmichael coal mine plans, reducing the amount of capital needed by 80% to less than AUD 3 billion. The mine will now be built in phases and production will start at 10-15 million tonnes of coal per year, before expanding to 27 million (which would still rank Carmichael among Australia’s biggest coal mines). Plans for a new Abbot Point coal terminal have been shelved and the existing terminal will instead be expanded. This change has almost halved the rail line cost from approximately AUD 2.5 billion to AUD 1.2 billion.
2018-08-17 00:00:00 | Indigenous case against Carmichael mine thrown out
A court in Brisbane has quashed a case against Indian coal company Adani, brought by the Wangan and Jagalingou Indigenous people of Queensland’s Galilee Basin. The case argued that Adani did not seek the views of the Wangan and Jagalingou people regarding the Carmichael coal mine project.
2017-08-29 00:00:00 | Adani to begin construction of Carmichael coal mine in October
Indian mining giant Adani has announced it will break ground on the Carmichael coal mine in October. The facility’s first coal is expected in March 2020.
2017-07-03 00:00:00 | Activists claim 21 banks have ruled out Carmichael financing
Adani is struggling to secure financing for its controversial Carmichael coal mine project. Research by green activists has established that 21 banks have so far steered clear of Adani’s mine, including the Commonwealth Bank of Australia, Standard Chartered, National Australia Bank, Deutsche Bank, HSBC and the State Bank of India.
2017-06-06 00:00:00 | Adani gives green light to Carmichael coal mine project
Indian billionaire Gautam Adani has approved the Carmichael coal mine and rail project. Bank financing for the project is still lacking and the company is yet to secure its bid for a AUD 900 million infrastructure loan from the Australian federal government. The loan would build a railway to Queensland’s Galilee Basin, which would open up the region to the wider mining industry. Adani’s top executive in Australia, Jeyakumar Janakaraj, voiced his displeasure with “activists who sit in creature comfort and criticise us”.
2017-02-15 00:00:00 | Environmental Justice Australia reveals Adani's disastrous track record
A detailed legal research brief by Environmental Justice Australia has revealed Adani’s long history of illegal dealings, bribery, environmental and social devastation, as well as a collection of allegations of corruption, fraud and money laundering at the company. The Adani Brief demonstrates that Australian governments and potential financiers are exposing themselves to financial and reputational risks by backing the Carmichael project.
2016-12-22 00:00:00 | Indian agencies investigate Adani
Adani Enterprises is one of several coal companies under investigation by India’s Directorate of Revenue Intelligence (DRI) for inflating the cost of imported coal. For a decade, the DRI has been investigating Adani entities that traded in diamonds and gold jewellery. Adani Enterprises was named in a 2011 report by Karnataka’s state ombudsman, after documents seized by police allegedly “indicate that money has been regularly paid to port authorities, customs authorities, [the] police department, mines and geology and even to MLAs/MPs.” Adani has rejected the allegations.
2016-04-03 00:00:00 | Queensland approves mining leases for Carmichael project
The Queensland government has approved the mining leases for Adani’s Carmichael coal mine project. Adani says a Final Investment Decision will not be made until court challenges against the project are resolved.
2016-02-04 00:00:00 | Adani freezes investment in Carmichael mine until world coal price recovers
Adani has frozen its investment in Australia's largest proposed coal mine until world coal prices show a clear recovery. Executives indicated the move in Indian stock analyst briefings, which has spurred speculation that Adani might abandon the Carmichael coal mine as the company moves into solar energy.
2016-02-02 00:00:00 | Adani's Carmichael mine gains final environmental approval
Adani's Carmichael coal mine has received its final environmental approval from the Queensland government. The project still requires a mining lease and bank funding before it can proceed.
2015-10-16 00:00:00 | Carmichael coal mine granted ‘re-approval’ by Australian government
The Indian mining giant Adani has received a "re-approval" from the Australian government for its controversial Carmichael coal project. The offer has 36 environmental conditions however, which Australia’s environment minister Greg Hunt describes as the "toughest in the country's history".
2015-08-05 00:00:00 | Adani loses federal approval for Carmichael coal project
Australia’s federal court has ruled in favour of a legal challenge to Adani by the Mackay Conservation Group. The group says the rejection of Adani’s under-construction Carmichael mine is “a victory for land and water, biodiversity, the global climate and also for common sense”.
2015-03-26 00:00:00 | Galilee Basin’s traditional land owners reject Adani agreement
The Wangan and Jagalingou people, who are considered the traditional owners of the land in the Galilee Basin, have rejected an Indigenous Land Use Agreement with Adani. Adani is planning to build the Carmichael coal mine project on their land.
2014-07-28 00:00:00 | Australia’s federal government approves Carmichael mine
Australia’s environment minister Greg Hunt has approved the Carmichael coal mine and rail project. The Mackay Conservation Group says Hunt has incorrectly assessed the mine’s impact on both climate change and two vulnerable local species.
2014-05-08 00:00:00 | Queensland approves Carmichael mine
Queensland's coordinator general has approved the state’s Carmichael coal project. Subject to 190 construction and operation conditions, the approval pays particular attention to groundwaters and water bores that may be impacted by the mine.
2014-05-06 00:00:00 | IEEFA report finds Carmichael coal exports financially unviable
The Australasia Institute for Energy Economics and Financial Analysis has published a report that casts doubt on claims that the Carmichael coal mine project will alleviate India's energy poverty. The report finds that in order to be financially viable, coal exported from Australia’s Galilee Basin to India would need a wholesale electricity price that is double India's current level.
2013-11-22 00:00:00 | Queensland invites comments on Carmichael mine
Queensland’s coordinator general, Barry Broe, has invited Queensland state agencies and community members to submit comments on the proposed AUD 16.5 billion Carmichael coal mine and rail project.
2010-11-24 00:00:00 | Adani begins approval process for two Australian mines
Adani has begun the approval process to establish two new mines (including the Carmichael coal mine) and a rail line in Australia’s Galilee Basin. The Queensland premier Anna Bligh has designated the proposed Carmichael coal mine and rail facility as a “Significant Project”.