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In its quest to drag Indians out of poverty by mining so much coal that people have to be paid to take it, Adani has faced a number of obstacles.

There’s the environmentalists who keep trying to use the law to insist that Adani abides by regulations safeguarding the environment.

There’s been those pesky tourist operators who suggest that the mine might cause damage to the Great Barrier Reef. I mean, they’re trying to suggest that a bit of colour in the Reef is more important than all those starving children in India who were responsible for me eating my vegetables and growing into the wonderful man that I am.

Then there’s been obtaining all those government approvals. And indigenous land rights.

And the pesky Queensland Treasury who told us back in 2015:

“Hundreds of pages of correspondence from senior figures in the Queensland department, including former under treasurer Mark Gray and principal commercial analyst Jason Wishart, express fears about Adani’s high level of debt and identify the mining giant as a “risk” because of its unclear corporate structure and use of offshore entities.

“In one document, an email from November last year, days before an announcement that the Newman government would help Adani build its rail, Projects Queensland principal commercial analyst Jason Wishart wrote to David Quinn, the executive director of Projects Queensland: “It is unlikely to stack up on a conventional project finance assessment.”

And, of course, the banks. Those bloody profit driven parasites won’t lend Adani any money just because they can’t see any way that it’ll be paid back. Don’t they understand that this a humanitarian project and money isn’t important. This is about allowing millions of Indians to be safe in the knowledge that the electricity grids that they’re not connected to are getting lots of cheap coal from Australia and they might almost be able to afford it, if someone would just spend a few billion on the infrastructure to hook them up to the electricity grid.

But worst of all, a few days ago, Peter Martin, economics editor for “The Age”, has driven another nail into the coffin by suggesting that the reason that the company hasn’t just announced that it was walking away from the project and save everyone a lot of arguing by writing an article suggesting that Adani’s reasons are less than pure.

He begins by trying to say that the coal Adani will potentially mine is “poorly located and of low quality”. Hasn’t he heard the PM and his band of merry men tell everyone that Australian coal is the cleanest in the world?

Not content with slandering Australia’s coal, Martin goes on to suggest that India is phasing out the importation of thermal coal. As if that matters – we’ll smuggle it in if we have to and call it an “operational, on-water matter”.

However, when the guy goes on to talk about Adani’s level of debt and to suggest that the only reason that they’re still pretending is because the right to mine is an asset and to lose that would make its financial position even worse – at least on paper – I thought surely, he’s gone too far. Economics editor at “The Age”… Well, anyone who’s got qualifications in economics is clearly some bolshy because, apart from the fact that anyone who’s attend uni is suspect, we all know that the market looks after itself so economists are completely superfluous and only paid by socialists to bring down the system.

This pinko then goes on to suggest that because the ownership of the railway will be a different company to the one which owns the mine, once the railway is built, they could sell the mine… Or even give it away and the new owners would be reliant on Adani’s railway to get transport their coal.

As if they’d do something like that after all the help we’ve given them!

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  1. johnlord2013

    Dead in the water so to speak.

  2. John Ward

    Coal is not cheap, nor has it ever been ‘cheap and affordable,’ the price is governed by where, subsidies are concealed.

    The price of electricity is an artifice of government to prolong the use of Coal as a squalid deal political players and their generous donors.
    Air pollution includes damages caused by SO2, NOx, PM2.5, vapors of Benzene, Toluene, and Xylene altogether 92 toxins; billions of fine particles of < 2.5 microns able to penetrate the lungs and circulate in the blood causing disease and deaths. Further, unburnt hydrocarbons are an uncounted cost to health.

    The price of pollution, is black lung, lung problems, India loses 1.1 million citizens to lung diseases caused by burning coal, worldwide the deaths alone 7 million per year, in the UK $ costs are $50 billion a year.

    At the same time Malcolm Turnbull is subsidising the fossil fuel industry (Oil, Coal and Gas) to the tune of (IMF calculation; for Australia) $1,712 for every man, woman and child, each year, or $41 billions of taxpayer funds; now adds $2billion for Adani. The taxpayer, in point of fact, pays three or four times for fossil fuel energy.

    Finally, the cost of intensifying, uninsurable weather disasters rising across the globe.

  3. Freetasman

    Quoting from the Indian Minister Piyush Goyal
    “In the evolving world energy scenario, it is quite possible that India’s coal reserves remain unused in the times to come as we would be shifting towards cleaner energy technologies like solar and wind, among others,”

  4. Jagger

    A spokesperson for Mr. Adani has said any organisations or persons against the mine, who have accounts set up in the Cayman Islands will see the benefits of lifting millions of Indians out of poverty.

  5. Vikingduk

    Yes, their lovely new railway, financed by us mugs, has been separated from the mine into a private company owned by the adani family, of course incorporated in the Cayman Islands. What a surprise, I wonder if our esteemed sock puppet, dear fizza, helped with contacts.

    So, if adani get environment approvals and licence to mine, the value will have grown quite nicely, allowing the possibility of on selling the asset without mining.

    But it would still own the railway.

    Peter Martin, SMH, ” should the publicly listed company that owns the mine go bust and have to sell, the mine’s new owners would still have to keep paying him ( Gautam Adani ).”

    Our gina rindheart has interests in the same area, and isn’t good old Clive sniffing around as well?

    I think this farking farce deserves at least three polished turds, a seminal movie; equal parts showing wilful ignorance, complete bastardry, corruption and it is just an absolute shit of a plan.

    For the environment of course, brilliant plan for the greedy, though.

  6. king1394

    They will still own the railway, and this is supposed to be an asset? This country is criss-crossed by closed railway lines, literally, which seem to only have potential as future tourist bicycle ways – I can see the future visitors to Queensland flocking to ride the Adani path to the biggest hole in the country. Sure would beat a visit to the reef

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