Tag Archives: adani

NAIF $900M loan to Adani for mega-mine rail line is far from a first best solution, possibly second or third best

As a former Treasury official and long-time critic of industry assistance, I’m sympathetic to the Federal Opposition’s criticism of the expected $900 million soft loan from the Northern Australia Infrastructure Facility (NAIF) to Adani for the rail line to its … Continue reading

Posted in Infrastructure, Mining, Uncategorized | Tagged , , , , , | 5 Comments

Selling QIC highly desirable and would avoid allegations of political interference regarding mega mine infrastructure

First, my thoughts and prayers are with the people of North Queensland as they wake up to the devastation from Cyclone Debbie. In his extraordinary eulogy for Marie Antoinette, the Anglo-Irish statesman Edmund Burke lamented that the French Queen had … Continue reading

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Why the Adani mega mine is welcome news in Townsville

It is welcome news to the local community that Adani will base its Carmichael coal mine headquarters in Townsville , which has struggled with job losses and high unemployment over the last couple of years. The Townsville Bulletin reports: “Townsville … Continue reading

Posted in Mining, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , | 3 Comments

Great news about Abbot Point expansion given need for royalties and boost to mining & Qld economy

I was very pleased to see the announcement about the Abbot Point expansion going ahead yesterday, given the boost it will provide to Queensland’s ailing mining industry (see chart below), royalties revenue for the Government, and the Queensland economy. North … Continue reading

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2014 wrap up – Qld Govt excelled on budget management, but Adani & Tatts deals questionable

The Queensland Government’s major economic policy achievements in 2014 included: strong budget management, particularly through expenditure restraint, with the Mid Year Fiscal and Economic Review reporting that expenses in 2014-15 are expected to now be $720 million lower than budget … Continue reading

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