— With AAP.
In 2010, Adani began the approval process to establish two new mines and a rail line in the Galilee Basin in Central Queensland.
Last week, almost a decade later, Adani won the final approval it needs to construct its proposed mine.
On Thursday afternoon, Queensland’s environment department signed off on a plan to manage groundwater on and around the company’s Galilee Basin mine site.
The approval was signed despite enduring concerns held by some water experts that the mine could kill off an ancient springs complex, and have dire effects on the health of the Carmichael River.
But what exactly is Adani and why are people so angry about it?
What Adani means for Australia. Post continues after podcast.
Here’s everything you need to know about the approval of the Adani mine:
What is Adani?
The Adani Group is an Indian multinational conglomerate. The company, which was founded by self-made billionaire Gautam Adani, want to build a coal mine in Central Queensland, inland from the Great Barrier Reef.
The mine will be the largest coal mine in Australia and one of the biggest in the world. But it won’t be as big as Adani initially anticipated.
The previous estimated cost for the mine was $16.5 billion but after the company were unable to source funds for the mine from any bank in Australia following pressure from environmental activists, Adani announced it would instead self-finance the mine for $2 billion.