trending Market Intelligence /marketintelligence/en/news-insights/trending/GHaXf436OhY9ZOA5yyzX7w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Adani to pay full royalties on Carmichael coal mine under new Queensland policy

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Adani to pay full royalties on Carmichael coal mine under new Queensland policy

Premier of Queensland, Australia, Annastacia Palaszczuk, said Adani Enterprises Ltd. will have to pay full royalties on its preproduction-stage US$16.5 billion Carmichael coal operation under a new policy unanimously agreed to by the state's cabinet for the development of the Galilee and Surat Basins and the North West Minerals Province, Bloomberg News reported May 26.

However, an unnamed source told the news outlet that the new policy will enable the Indian group to defer royalty payments, with the length of such deferment to be announced later.

The Australian Broadcasting Corp. said the royalties could be deferred only in the first few years of production, which Adani would later pay in full with interest.

The company recently deferred a final investment decision on the project, seeking more clarity on royalties from the Queensland government. The company was expected to make a final investment decision on the mine and rail project towards the end of this month, with plans to start construction in August.

Australian Resources Minister Matthew Canavan also recently flagged that Adani may not proceed with the project unless it can strike a deal with the Queensland government on royalties.

Adani posted a profit of 2.21 billion Indian rupees for the fourth quarter of its fiscal 2017.