Mirage: Galilee Basin and Mining Leases

mirage: Instead, at least for the next three years, we will ignore the emergency while chasing the mirage of coalmines promising to create thousands of jobs, according to The Guardian. That mirage began to fade almost immediately with the announcement that the China Stone project, right next to Adani's Carmichael mine project in the Galilee Basin, had suspended its bid for mining leases. Perhaps, with a different electoral outcome, Australia would have followed suit. Other projects in the basin have been on hold for years. Gautam Adani could afford to spend this much if he chose to do so, but has so far shown no sign of willingness to pour such a large proportion of his personal wealth into an obvious dud. Galilee Basin mine next to Adani put on hold amid doubts over future of thermal coal Read more The prospects for the Carmichael mine are not much better, at least in the absence of a large injection of public money which may now be on the cards . Adani announced in November that it would provide 2bn of its own money to fund the project. (news.financializer.com). As reported in the news.