Adani's Carmichael coal mine seals royalty pact with Queensland govt

Firm mum on royalty amount; enviro groups have opposed project citing damage to marine ecosystem

The Adani Group reached an agreement with the Australian government over the royalty payment for the contentious Carmichael coal mine in the country.

"Adani Australia today reached agreement with the Queensland Government on royalty payments for its $16.5 billion Carmichael coal projects. After State Cabinet approval, the agreement with the State Government meets Adani's expectations and requirements," the company said in a statement, but did not disclose the royalty amount.

The Carmichael project has been facing resistance from several environment groups who have opposed the project citing damage to the marine ecosystem across the coastline where the project