Queensland premier will neither confirm nor deny deal under which full royalties due would only be paid in later years
The Queensland government has reportedly offered Adani a royalties pause worth up to $320m as the company decides whether to proceed with its Carmichael mine project.
The deal, in which Adani would pay a discounted $2m a year on exported coal in the mine’s early years, could be signed this week and has concerned some senior Labor figures, the ABC has reported.
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Source: Guardian Climate Change