Saturday 10 October 2015

Adani Carmichael mine on it's last legs

Resources minister Josh Frydenberg said yesterday on the radio regarding funding to Adani from the gov:
"Adani needs to stand on its own two feet... it wouldn't be a priority project for the Commonwealth."
It appears the Abbott rhetoric of propping up Adani with taxpayer money to get the infamous Carmichael Mine and Abbot Point projects built has changed under Turnbull. Could it be he actually sees sense? Coal prices have collapsed and will likely never recover, and Adani will be hard pressed to even find a customer for thermal coal once it is mined.

You can email Josh Frydenberg here and tell him to categorically rule out gov funding for Adani. Without that funding, the mine is probably doomed and will never go ahead. Private companies don't want to have a bar of it. 

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