Adani coal ‘ no risk to Aussie miners’
ADANI has rubbished claims coal from its Carmichael mine would be sold on global markets after fears were raised about the project’s impact on existing Australian mines.
Queensland Airports Limited board member Jonathan van Rooyen has claimed it was wrong to suggest no coal from the Adani mine would be sold on the world market.
Mr van Rooyen has argued against subsidies for Adani, saying it would be detrimental to other coal regions, including Newcastle.
“It is factually wrong to suggest that none of the coal from the Adani coal mine will be sold on the world market and, in turn, compete with existing coal mines in the Hunter Valley and the Bowen Basin,” he said. “Adani has publicly stated that it is seeking to market its coal to a range of south- east Asian countries.”
Mr van Rooyen recently came under fire for anti- Adani comments amid Townsville’s fight to become Adani’s fly- in, fly- out worker hub. QAL owns Townsville Airport.
Mayor Jenny Hill said his attitude towards Adani and his interest in the Port of Newcastle and Townsville Airport appeared to be at odds.
Mr van Rooyen is also general manager of investments at The Infrastructure Fund, which cites QAL and the Port of Newcastle among its assets.
He said modelling commissioned by TIF showed broader Galilee coal basin expansion would lead to a reduction in coal output in the Hunter Valley of more than 80 million tonnes a year, and in the Bowen Basin by more than 18 million tonnes a year.
“I am not aware of any business owner who supports government subsidies being provided to competitors,” Mr van Rooyen said.
“Well designed Federal Government policy would not ask taxpayers, or our TIF investors, to choose between helping North Queensland or hurting the Bowen Basin, the Surat Basin or the Hunter Valley.
“If the Adani mine goes ahead Townsville Airport looks forward to providing high quality services to FIFO workers and service providers.”
Adani spokesman Ron Watson denied the company had plans to market coal to South- East Asia.
He said the mine’s business plan was to supply coal only to Adani’s own thermal power stations in India.
“We have four coal- fired power stations in India and another four under construction,” he said.
“First of all we’re told we can’t compete and now we’re told we’re going to drain the world market.”
Mr Watson said coal would remain a major source of global energy with China increasing its imports. “The SouthEast Asian countries that Mr van Rooyen mentioned are also increasing their thermal coal use,” he said.