The ALP narrowly retained office in the recent Queensland election after saying it would veto Adani’s application for a Northern Australia Infrastructure Facility (NAIF) loan of $1 billion to construct a rail line from its port in Bowen to the Galilee Basin.
Many believed that the giant Adani coal mine proposal was finished and that the ALP is opposed to it or any other mine in the Galilee Basin.
It’s not true.
The Adani Carmichael mine project has secured a 60-year free endless groundwater agreement from the state government. If operational, the mine would draw more than 12,000 megalitres of groundwater from the Great Artesian Basin every year – 40 percent of the artesian water used for irrigation in Queensland. And a deal approved by the state cabinet in May will deliver infrastructure funding and a royalty holiday for Adani, worth close to $500 million.