Adani denies claims it sold ‘below-market coal’ leading to Queensland missing out on hundreds of millions in royalties
by Jonathan Barrett Business editor from World news | The Guardian on (#70SC1)
Adani has strongly rejected the Australia Institute's findings, including that customers paid an average of $102 a tonne in 2022-23
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Adani has consistently sold coal from its Queensland mine far below market rates, according to claims made in new analysis, potentially reducing the royalties owed to the state government by hundreds of millions of dollars.
The research director at the Australia Institute, Rod Campbell, calculated that Adani sold thermal coal from its Carmichael mine at an average of just over $A100 a tonne during the 2023 to 2025 financial years - its first three full years of operation.
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