Adani Group’s future has been pronounced very bright by various market analysis agencies. The reasons can vary from person to person. The company has suddenly found itself in a big roadblock, not in India, but in far off Australia. Company’s plan to own and operate the World’s largest Coal Mine in Queensland state of Australia, called the Carmichael Coal and Rail Project in the Galilee Basin has been put on hold now by the government there. Though the Queensland government has given its approval for the project last month, putting as many as 190 conditions attached, the federal Australian government – the environment minister Greg Hunt has decided to delay his final decision till August 1st.
“The date for a decision has been extended to ensure the minister can thoroughly consider the large volume of material associated with this project referral,” said the minister’s representative. The Abbott Point port proposed to be used by the Adani group, and the rail line to be built to the port may include huge dredging operations that could endanger the Great Barrier Reef in the Galilee Basin, say environmentalists. The UNESCO is considering declaring the Reef an endangered site, the decision on which is expected next year.
The coal mine operation by the Adani group will certainly influence the decision and put the Australian government in bad light, hence the delay in current decision.
“Adani has a long record of environmental destruction and are not a company you would let look after your pot plants, let alone safeguard the future of the Great Barrier Reef,” Greenpeace’s Ben Pearson, one of the forefront activist groups concerned about the developments, said in a statement.
The Adani group can produce 60 million tonnes of coal every year through this $ 15.5 billion or over 90 thousand crore rupees mine.