Skip to content
Search

Latest Stories

India's Adani Could Win Carmichael Mine Approval Within Two Years: Queensland Official

INDIA'S Adani Enterprises could theoretically win environmental approval for construction of the Carmichael coal mine in Australia in the next two years, a Queensland state resources official said, despite opposition from activists concerned about its impact on the Great Barrier Reef.

The firm, which plans to start producing around 10 million tonnes of coal a year and eventually ramp up to 27.5 million tonnes, has been at loggerheads with environmental activists in the eight years since the project was first proposed.


The comment on potential approval came in an interview with Caoilin Chestnutt, Queensland's Resources Investment Commissioner, on the sidelines of the Coaltrans conference in New Delhi late yesterday (20). Her agency is not responsible for issuing environmental approvals for the project, which is regulated by Queensland's department for environment and science.

Chestnutt said that she believed environmental clearance for the project could in theory be given in the next several months. Carmichael is one of the world's biggest greenfield coal projects in recent years.

"I would guess, but it is an absolute mess, six months to two years," she said. "They (department of environment) have said they (Adani) have to go back to the drawing board and draft a management plan."

The Queensland department for environment and science has said two approvals were required, one relating to a plan to protect an endangered bird species, the black-throated finch, and another to identify the source aquifer of ground water in the area.

Chestnutt said protests against the mine were a "hindrance" and that there was a lot of misinformation about the mine that needed to be challenged.

Asked what she considered "misinformation", she said, "I think people just think that coal is dirty and global warming is a major issue, and people just like to blame the coal business for that, carbon dioxide for that."

A spokesman for Adani said the firm expected to move faster on the project in future.

"We have provided all required information data and feedback needed for this process to be completed and accordingly we expect to have these plans approved in the very near term," the spokesman said.

The company last week slammed a report on the endangered bird which was reviewed by the Queensland government, calling it "an anti-Adani lobbying document, dressed up as science," and said they wanted to advance their project.

(Reuters)

More For You

Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less