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Adani commits to north Qld FIFO bases

Townsville and Rockhampton have been named as the bases for fly-in fly-out workers at Adani's north Queensland coal mine.

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Source: AAP


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Fly-in fly-out workers on Adani's proposed north Queensland thermal coal mine will be based in Townsville and Rockhampton, the state government has announced.

It is one of several workforce conditions agreed to by the Indian mining giant, along with a commitment to base rail and port operations in Bowen and establish its regional headquarters in Townsville.

Adani is yet to secure substantial financing for the controversial project, but says initial works will begin later this month.

The firm was criticised this week by former Indian environment minister Jairam Ramesh, who told the ABC he was appalled by the Australian government's decision to approve the multi-billion dollar mine proposal and questioned the miner's environmental track record.

In its response, Adani said it operated within the law and defended its environmental record, citing cases currently before India's Supreme Court.

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The concerns came at the release of analysis by The Institute for Energy Economics and Financial Analysis, which details extensive financial risks to the project.

The Abbot Point Coal Terminal, which is leased to Adani by the federal government, is due for a $1.5 billion debt refinancing next year and a cumulative debt refinancing of $2.11 billion by 2020.

Adani's prospects for securing financing is seen by some within the finance sector as a significant challenge.

The state government says the project will deliver a crucial boost to north Queensland communities crippled by a lack of jobs.


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