Screenshot 2015-08-12 at 9.27.41 PM

Govt welcomes royalties agreement with Adani

The Palaszczuk Government has welcomed the first agreement under its royalties framework to open investment and create jobs in the Galilee and Surat Basins and the North West Minerals Province.

Premier Annastacia Palaszczuk said the agreement with Adani for its Carmichael Coal project meant a boost for regional jobs and the Queensland economy while ensuring strict environmental protections- such as not dumping dredge spoil in the Great Barrier Reef Marine Park and Caley Valley Wetlands remained in place.

“The agreement with Adani adheres to the principles in the resources framework we outlined at the weekend,” Ms Palaszczuk said.

“Every cent of royalties will be paid and any deferred royalties will be paid with interest.

“This is about delivering jobs and getting those royalties so we can continue to invest in frontline services, infrastructure and renewables.”

If you enjoyed this post, please consider leaving a comment or subscribing to our FREE eNewsletter to have future articles delivered directly to your inbox.



There are no comments

Add yours