Adani yet to sign royalties deal despite claiming to be close to financing mineThe Adani mining company has still not signed a royalties agreement with the Queensland government, despite its claims to be just weeks away from green-lighting the Carmichael mine. This week, Adani’s Australian mining head, Lucas Dow, gave a series of interviews claiming the company was close to financing a slimmed-down, $2bn integrated Carmichael mine, rail and port proposal. The Queensland treasurer, Jackie Trad, confirmed in a statement that Adani had not yet signed any royalties deal. Adani Mining has no material Australian tangible assets and owes about $1.6bn to its Indian parent. “Queensland Labor has already given Adani free water and a free road,” said Ben Pennings from the Stop Adani movement.

Source: The Guardian November 02, 2018 18:56 UTC