G'day Is Mise,

Have you spent much time in India? How many Indians condemn Adani, and what are their interests?

I just think it should be an Australian mine.

Good lord!

Are there actually adult human beings still watching the left/green drivel that comes out of the ABC?

You learn something disturbing every day.

Good Lord! is an understatement.

The Carmichael coal mine proposed for Queenland's
Galilee Basin would be the biggest ever seen in
Australia. And the results of it will be felt long-term
for many decades. It would include six open cutpits and
five underground mines. Measuring a whopping 28,000 hectacres,
the mine would be seven times the area of Sydney Harbour.

It will create tonnes of pollution, use billions of litres of
groundwater and further damage an already struggling reef -
not to mention the fact that over 20,000 hectacres of native
bushland must be cleared (including endangered Brigalow
woodlands) and native habitats destroyed.
And there's more but we should look at the fact that the
company behind the mine -

The Adani Group is infamous for not only environmental
destruction but also other illegal activity. Their unscrupulous
activities in India have been aired in a number of government
investigations and court hearing in India. They include bribery,
illegal exports, building on private villagers' land and
destroying conservation areas.

We need to seriously give all of this some thought.
When it comes down to it it's a case of the world's single
largest marine structure (our Great Barrier Reef) versus
Australia's largest coal project.

I'm not going to hold my breath as to who is going to win.
However, one can live and hope that reason will prevail.

cont'd ...

Rational thought indicates that the Coalition will
be ejected at the next election and the new government
will inevitably have to negate this project in the
interest of the taxpayer costs involved (railways,
and infrastructure, which will cost a fortune) and also
the fact that the price of coal appears to be on a
decline.

IS MISE from what I can gather this Adani mob are considered absolute crooks! Both in their home of India, and outside, wherever their shady practices have emanated! We've got enough crooks ourselves, without importing more of them, from the Sub-Continent.

Dear O Sung Wu,

I totally agree.

The worry is where will these guys get the money they'll
nee for this project to go ahead - which of our banks
will be willing to lend it to them, or worse - will
the taxpayers here be funding it?

Realistically the Carmichael Mine is over 500 km from the
coast, so it will rely on new and expensive
infrastructure to become operational. India's Adani Group will
need to find billions of dollars to establish rail access,
water and power supplies in the remote region before this
mine can be built. And that's not even including the cash they
will need to expand the controversial Abbot Point coal
terminal on the edge of the Great Barrier Reef World
Heritage Area.

Considering the current coal price - which has plummeted
to a record low of $70 (Sydney Morning Herald reported).
Carmichale need a coal price of at least $100 to make the
mine feasible. These guys will struggle to raise the finance
bu build the Carmichael Mine - unless either one of our banks
or our government helps out. That would be irrational in more
ways than one. The Sydney Morning Herald reported that the
sustained weakness in thermal coal power prices over the past
3 years has played havoc with the prospective economics of the
project.

Not a good idea.