9 Items

The financial viability of Carmichael

by Galilee Basin

IEEFA’s Director of Energy Finance Studies, Tim Buckley, was today called as an expert witness in a court challenge of the approval of a major coal mine in the Galilee Basin. Summary of evidence given: The Carmichael coal mine is not financially viable and unlikely to turn a profit.   Evidence brought by expert witness for Coast […]

Carmichael and Climate Change

by Galilee Basin

The Land Court of Queensland has today heard about the global scale of climate impacts from Adani’s proposed Carmichael Coal Mine, set to become the third largest operating thermal coal mine in the world. During the Land Court hearing today both sides agreed that climate change is a significant issue, and CO2 emissions from fossil fuels […]

Update from court: Adani’s misleading job claims

by Galilee Basin

In a dramatic revelation, Adani’s own independent expert witness, Dr Jerome Fahrer, admitted that the mine and railway will not produce the 10,000 jobs Adani has consistently trumpeted in its public statements, but only 1,464 net per annum – or roughly 15% of Adani’s claim. The admission by Adani’s expert to the Land Court that the […]

Adani’s false figures on mine royalties

by Galilee Basin

Adani’s Group Financial Controller, Rajesh Gupta gave damning testimony today revealing for the first time that the planned Carmichael coal mine will fail to generate the $22billion royalties jackpot that Adani has consistently claimed, with the true figure around $7.8billion. Mr Gupta was giving evidence as part of a challenge to the mine in the […]

Adani’s mine will waste billions of litres of Queensland water

by Galilee Basin

–        Adani’s mega-mine so far proposes to use up to 12.5 billion litres of water every year. –        Adani may only pay roughly $625,000 for this water per year1. –        A Brisbane resident would pay $107 million for the same amount of water each year. –        Adani is likely to  impact an additional 14.8 billion litres per year through […]

On Country

by Galilee Basin

At the end of last week, the case went ‘on country’. The court travelled to key locations within the proposed mine area, and to locations outside the area that are part of each party’s argument. As there was changes with the schedule regarding traditional owners, no on country evidence were heard, which means the court […]

Adani reveals unauthorised mining activity

by Galilee Basin

Coast and Country express concern presented by Adani’s mine after revelations in Court of investigation into unauthorised mining related activities. Coast and Country’s case is that Adani’s Carmichael mine represents a danger to the environment and a risk to economic interests. So its concerning to hear they don’t adhere to all regulations. Derec Davis said […]

Summary of the first day in court

by Galilee Basin

Both Parties summarised their cases. Below are the key issues that will be argued.  Two matters of significance  This would be the largest coal mine in Australia and among the largest coal mine in the world. The environmental harm would be significant; The economics of thermal coal have dramatically changed. The scale of economic benefits […]

Land Court challenge to Adani Carmichael mine begins

by Galilee Basin

The case seeks to challenge approval of the world’s third largest coal mine. Coast and Country is arguing that the mine should not proceed, because:  It presents dangers to the vital groundwater, surface water, rivers and ancient springs of the region  It presents dangers to the climate, and threatens the Great Barrier Reef and the […]