Article 2PVYQ Adani offered $320m deferment of Carmichael coal export royalties

Adani offered $320m deferment of Carmichael coal export royalties

by
Joshua Robertson
from on (#2PVYQ)

Queensland premier will neither confirm nor deny deal under which full royalties due would only be paid in later years

The Queensland government has reportedly offered Adani a royalties pause worth up to $320m as the company decides whether to proceed with its Carmichael mine project.

The deal, in which Adani would pay a discounted $2m a year on exported coal in the mine's early years, could be signed this week and has concerned some senior Labor figures, the ABC has reported.

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