Super-size mine swallows Moray
15 Feb, 2012 11:18 AM SMH
A 121,000ha Central Queensland cattle fattening property, sold for $110m, is on track to host a super-sized open-cut coal pit 45km long, an international airport and a fly-in fly-out settlement of 2500 overseas miners.
Plans to use the project as an anchor for a whole new township of 7000 people north-west of Clermont have been shelved – in part because the local council says it could not afford to provide the necessary services.
Moray Downs, a holding of the Acton Land and Cattle Company (ALCC) located 250km south of Charters Towers, has been sold to the Indian-owned coal company Adani Mining Pty Ltd, but is expected to remain in production under a lease-back arrangement.
picture from: themorningbulletin
ALCC company director, Graeme Acton, declined to discuss the sale, other than to confirm that he signed the deal prior to Christmas. The purchaser was Adani principal Gautam Adani, who controls the Abbot Point coal terminal near Bowen, leased as part of the State Government’s privatisation program. Both parties agreed to a confidentiality arrangement.
“You’ll have to ask Mr Adani about the project. It is not for me to say,” Mr Acton said.
A spokesman for Adani Mining Pty Ltd said the enterprise will employ Australians before it sources workers from overseas. “Our commitment is to train Australian workers, if they are not skilled to work on our projects, before looking at any options from overseas,” the spokesman said.
THE EMA what is it ?
Enterprise Migration Agreements to bring foreign workers to the country.
Projects must have a capital expenditure of $2 billion or more and a peak workforce of 1500 workers to be eligible for EMAs.
Adani Mining Pty Ltd -
Opposing property sale for coal mine 'a lost cause'By David Lewis and Paul Robinson
The landowner who sold his central Queensland property to make way for the state's biggest coal mine says he did not have a choice.
Evan Acton has agreed to sell his Moray Downs cattle station, north of Emerald, for around $110 million.
The station has been in Mr Acton's family for around 20 years.
The property spans more than 300,000 acres, with a third of the land sitting directly above a massive coal deposit.
Indian mining giant Adani Group began negotiating to buy the land from Mr Acton two years ago.
Mr Acton says opposing the development would have been a lost cause and it was only a matter of time before he was forced to sell.
"You haven't got a lot of choice really - down the track they can go to the Land Court and do it, so it's better to make a friendly business decision than go to the courts over it," he said.
"They can go to the Land Court and do it, so it's better to make a friendly business decision," he said.
Mr Acton's decision paved the way for the largest investment by an Indian company in Australia.
He says he hopes the coal mine delivers better infrastructure to the region.
Mr Acton says large parts of the property will still be used for grazing for now.
"We've got an option for grazing for the next five years or until they get their actual mine going and then it will be reassessed again," he said.
"But the country they will be using will be only using about one-third of the 300,000 acres still allowed to run our cattle there.
"My oldest son's managing it, and his partner, and it's business as usual."
Adani says the project will create 5,000 jobs during construction and 3,500 permanent jobs. It is expected to start production by 2015 and produce 60 million tonnes a year by 2020.
Mayor of the Isaac Regional Council, Cedric Marshall, said the Moray Downs coal leases, purchased by Adani from Linc Energy, straddle the Carmichael River. He said a council delegation met Adani Mining representatives in Brisbane last month to discuss their plans to make Carmichael Mine Australia's biggest by 2022. The venture would supply coal-fired power plants in India.
They are starting to hire see this link