Adani Australia on Thursday received its final environmental approval to begin work on its Carmichael mine in Central Queensland.
The approval states that the plan complies with all regulatory conditions set by the Australian and State Governments, bringing to close a two-year process of rigorous scientific inquiry, review and approvals. This includes relevant reviews by Australia’s pre-eminent scientific organisations CSIRO and Geoscience Australia.
The finalisation of the GDEMP and Black-throated Finch Management Plan paves the way for construction to commence on the Carmichael Project and the delivery of much-needed jobs for regional Queenslanders. Moving forward, Adani Australia’s priority is ensuring the safety of everyone who works on the project and that all construction activity meets the strict environmental requirements we have agreed to meet in our management plans and approvals. Over the coming day’s preparatory activities such as finalising contracts, mobilising equipment, recruitment and completing inductions will continue.
These preparatory actions will enable us to then start construction activities including fencing, bridge and road upgrades, water management and civil earthworks on the mine site.
Gautam Adani, Adani Group Chairman, said, “Today our remarkable journey of conviction, resilience, and commitment in Australia enters a new phase. I am thankful to the Queensland government and the Australian federal government for believing in the Adani Group's vision of strengthening India's energy security and creating new opportunities for the people of Australia.”
Adani Enterprises Ltd
is currently trading at Rs150.75, down by Rs2.35 or 1.53% from its previous closing of Rs153.10 on the BSE.