Tony Abbott

Australian Prime Minister Tony Abbott said he is ‘frustrated’ with a court decision to revoke environmental approval for Adani’s $12.5bn Carmichael coal mine construction in central Queensland, given the size of investment and job creation potential.

The Federal Court overturned the company’s proposal saying that Environment Minister Greg Hunt failed to consider advice about two federally listed vulnerable species, the yakka skink and ornamental snake.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

However, according to Abbott, coal extracted by Adani would support 100 million people in the country.

He stated that the Adani group has already invested about $3bn in Australia in preparation for the project, which would bring 10,000 jobs to Queensland and elsewhere in Australia.

"This is a very important project, not just for Australia, but for the wider world."

Abbott said: "So, this is a very important project, not just for Australia, but for the wider world, and if we get to the stage where the rules are such that projects like this can be endlessly frustrated, that’s dangerous for our country and it’s tragic for the wider world."

He added that, once such projects are fully compliant with high environmental standards, they should be allowed to proceed.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Welcoming comments from the prime minister, Minerals Council of Australia (MCA) CEO Brendan Pearson said: "New projects must be treated on their merits, not held up by vexatious and incessant legal appeals lodged by a small band of anti-mining protestors funded by overseas interests."

Pearson added that subjecting projects to interminable delays risks future investment in the sector.

Image: Australia Prime Minister Tony Abbott. Photo: courtesy of MystifyMe Concert Photography (Troy).