The Pak Banker

Siemens to remain in Australia mining project: CEO

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Siemens boss announced Sunday that the German conglomera­te has decided to remain involved in a controvers­ial coal mining project in Australia, despite massive environmen­tal criticism as the country faces unpreceden­ted bushfires.

The contract for some 18 million euros ($20 million) calls for Siemens to supply rail infrastruc­ture for the Carmichael mine in Queensland, near the Great Barrier Reef.

"We have just finished our special meeting.... We have evaluated all the options and have concluded that we must fulfil our contractua­l obligation­s," said Siemens CEO Joe Kaeser in a message on his Twitter account.

He also promised that Siemens, which supports the Paris climate agreement to curb carbon emissions, would create a body to better "manage in the future the questions of protecting the environmen­t."

The proposed Carmichael mine, owned by India's Adani group, has long been controvers­ial but anger over the multi- billion- euro project has been fanned by Australia's catastroph­ic bushfire season.

Activists from Fridays for Future and Extinction Rebellion staged demonstrat­ions in a dozen German cities against the mine on Friday, including outside Siemens' Munich headquarte­rs.

The open-cut Carmichael mine is set to become operationa­l next year and produce up to 27 million tonnes of coal annually.

The troubled project, which has been scaled down since it was first announced, has run into repeated delays caused by legal and regulatory hurdles, as well as funding problems.

Supporters say the mine will bring hundreds of muchneeded jobs to rural Queensland eastern Australia.

But conservati­onists say the project threatens local vulnerable species and means coal will have to be shipped from a port near the alreadydam­aged Barrier Reef.

The world's largest coral reef system faces multiple threats to its survival, most notably rising sea temperatur­es caused by climate change, water pollution and coral-eating starfish.

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