{"id":27901,"date":"2015-05-03T19:03:55","date_gmt":"2015-05-03T09:03:55","guid":{"rendered":"http:\/\/nofibs.com.au\/?p=27901"},"modified":"2019-04-13T23:56:11","modified_gmt":"2019-04-13T13:56:11","slug":"the-8536-holes-in-adani-jobs-plan-the-qldweekly-blogazine-qldpol-qldaah","status":"publish","type":"post","link":"https:\/\/archive.nofibs.com.au\/the-8536-holes-in-adani-jobs-plan-the-qldweekly-blogazine-qldpol-qldaah\/","title":{"rendered":"The 8,536 holes in Adani jobs plan – The #QldWeekly blogazine: #qldpol @Qldaah"},"content":{"rendered":"
Blogging\u00a0the week in Queensland politics.
\n\"The<\/a><\/h6>\n

\"The<\/a><\/p>\n

Table of contents<\/h3>\n
8,536 holes in Adani jobs plan.<\/a><\/h6>\n
(May 2, 2015) – Released: Qld Integrity Commissioner advice to LNP Ray Stevens.<\/a><\/h6>\n
(May 1, 2015) – All Labor’s fault.<\/a><\/h6>\n
(April 30, 2015) –\u00a0$70 million ‘Strong Choices’ bill.<\/a><\/h6>\n
(April 29, 2015) – Newman and Seeney drop Alan Jones defamation case.<\/a><\/h6>\n
(April 28, 2015) – Power deregulation review.<\/a><\/h6>\n
(April 27, 2015) – Whole lot of guff.<\/a><\/h6>\n
(April 26, 2015) – Careflight is go.<\/a><\/h6>\n

.<\/span><\/a><\/p>\n

8,536 holes in Adani jobs plan<\/h2>\n
\"The<\/a>

The Courier Mail – Hole Lot of Love – April 16 2015.<\/p><\/div>\n

Making The Courier Mail<\/a><\/em> front page on April 16, 2015, John McCarthy<\/a> wrote a glowing reference for coal miners Adani over their planned Carmichael coal mine:\u00a0“The early construction works of what will be Australia\u2019s biggest coal mine will generate about 400 jobs, but 4150 jobs are predicted in construction and another 3800 when the mine starts operating in 2017.”:\u00a0Adani\u2019s Carmichael coal mine a step closer<\/a>.<\/p>\n

An interview with\u00a0Adani Australian boss Jeyakumar Janakaraj resulted in a claim of, “The jobs would effectively compensate for almost half the 10,000 jobs lost in the coal industry since the boom ended, but almost all the jobs at Carmichael mine will be fly-in, fly-out because the closest town, Clermont, is 160km away.”<\/p>\n

However, things began to unravel on the claims of so many jobs as a land court heard from an expert witness. Adani is currently in court with conservation group, Coast and Country, who are seeking to have the mine refused on environmental grounds.<\/p>\n

Joshua Robertson<\/a> reported, “The figures are a far cry from the 10,000 jobs and $22bn Adani has used in seeking government approval for the mine and a public relations campaign aimed at negating public opposition over its impact on the Great Barrier Reef through shipping and emissions.”:\u00a0Adani coalmine would not deliver jobs and royalties promised, land court hears.<\/a><\/p>\n

Things soured further when ABC Media Watch<\/a><\/em>\u00a0aired on\u00a0Monday labelling The Courier Mail’s<\/em> front page, “Whole lot of guff”.<\/a>\u00a0The program spoke to Adrian Hart of BIS Shrapnel who stated, “It would take a considerable improvement in coal prices to justify this project. It\u2019s certainly not 100 per cent certain that it\u2019s going to happen.”<\/p>\n

It also interviewed Matthew Trivett, Research Analyst for Patersons Securities who said, “I can\u2019t believe anyone would believe it\u2019s happening without the financing being in place first.”<\/p>\n

Adani had also been promising since 2011 to start the mine’s construction by 2013; “Carmichael Coal Mine and Rail Project SEIS – Volume 2 – Mine Studies 13 November 2013”.<\/a><\/p>\n

Another report by\u00a0Joshua Robertson<\/a>\u00a0found that, “The Indian mining giant Adani would pay no corporate tax on Australia\u2019s largest proposed coalmine, the Carmichael mine in central Queensland, because it was certain to operate at a loss, the state land court has heard.\u00a0Energy industry analyst Tim Buckley told the court it was \u201ccategorically\u201d his opinion that the Adani mine would not make a profit on the lower quality thermal coal it planned to export to Asia amid a long term decline in worldwide prices.”:\u00a0Expert says Carmichael mine losses would negate Adani’s need to pay tax.<\/a><\/p>\n

Finally, in his analysis, Fairfax business columnist, Michael West<\/a>, wrote, “The week had begun poorly for the Indian conglomerate. It had long claimed its Carmichael mine in the Galilee Basin would deliver $22 billion in taxes and royalties. However, its own expert witness, Dr Jerome Fahrer, admitted to a figure of $7.8 billion.\u00a0This $14 billion black hole was rivalled on Tuesday when Adani’s myth of humungous job creation was also pulverised. No, 10,000 jobs would not arise, as the company had claimed, rather 1464 jobs would be generated in each year. It is a neat coincidence that both its jobs claims and its tax claims were inflated by 270 per cent.”:\u00a0Adani gilded lily is far from rolled gold.<\/a><\/p>\n

It appears neither Adani or The Courier Mail<\/em> have any idea what they are talking about. , John McCarthy<\/a> wasn’t saying much this week except to heed the state government’s advice to wait for the court process to complete.<\/p>\n

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Qld Govt refusing to buy into Adani jobs claims made by greens. Let court process move on, it says #qldpol<\/a> #adani<\/a> #mining<\/a><\/p>\n

— John McCarthy (@Johnsmccarthy) April 28, 2015<\/a><\/p><\/blockquote>\n