Adani reaches mine royalty agreement with Queensland government

Indian mining giant says coalmine project is back on track after agreement with Palaszczuk government

Adani has agreed to a new royalties deal with the Queensland government, weeks after an earlier proposal was junked amid internal uproar that it gave the Carmichael coal project too much taxpayer support.

On Friday, ministers attended a snap cabinet meeting and agreed a royalties "holiday" for Adani's $16bn project, Australia's biggest proposed coal mine, would be wound back.