The Signal

Adani's invincible mine: is coal making a comeback?

Nov. 30, 2018

The world had more or less given up on Adani ever building its massive coal mine in Queensland. The project has been parked for years, because no-one wanted to finance it. But yesterday, Adani surprised everyone, announcing it would stump up the cash itself for a downsized version of the project, and begin work before Christmas. The proposal has cleared all its Government approvals, despite many accusations of tax evasion, environmental breaches, and worker abuse in its overseas operations. So how and why is it happening now? And could Adani's new mine kick off other attempts to mine the vast coal reserves in the Galilee Basin? The ABC's Business Editor Ian Verrender explains the entire saga to The Signal. neither hosts nor alters podcast files. All content © its respective owners.