Adani gives final approval for coal mine project in Australia

June 6, 2017

Melbourne, Jun 6: Indian conglomerate Adani Group todaygave the final investment approval for its controversy- hit 21.7billion dollars Carmichael coal mine project in Australia which had hit several roadblocks over environmental concerns due to its proximity to the Great Barrier Reef.adani

"I am proud to announcethe project has Final Investment Decision (FID) approvalwhich marksthe official start of one of the largest singleinfrastructure-- and job creating -- developments in Australia's recent history," Adani Group Chairman Gautam Adani said.

This is a historic day for Adani, a historic day for regional Queensland, andahistoric day for the Indian investment in Australia, he said.

The announcement comes just days after the Adani Group agreed to pay royalties on coal produced from its project after it struck an agreement with the Queensland government to help the controversy-hit project move forward.

"Thisisthe largest single investment by an Indian corporation in Australia, andI believeotherswill followwithinvestments and trade deals," the Adani Group Chairman said.

"We have been challengedby activists in the courts, ininner citystreets,and even outside banks thathave noteven been approachedto financetheproject. We are still facingactivists. But we are committed to this project," Adani said, adding that the group is committed to Queenslandand to addressing energy poverty in India.

Adani said the Carmichael projects will generate 10,000 direct and indirect jobs,with pre-construction works starting in the September Quarter 2017.

Queensland Premier Annastacia Palaszczuk today officially opened Adani's Regional Headquarters (RHQ) in Townsville fromwhere the companywill oversee theconstruction and operations of theproject.

The regional headquarters will also accommodate Adani's Remote Operations Centre, the first time that such a centre has been set up in an Australian regional city.

PrimeMinister Malcolm Turnbullwas represented at the ceremony bythe Federal Minister for Northern Australia and Resources, Senator Matt Canavan.

Adani Australia Head of Country and Chief Executive Jeyakumar Janakaraj saidthe companyhasalready invested 3.3 billion dollars in the project, including buying the bulk coal handling port ofAbbot Point.

Adani today also signed letters of awardfordesign, construction, operations, the supply ofmaterialsandprofessional services.

The biggestdealis withDownerMiningfor the construction and operation of the Carmichael mine.

The company hasalso announced in the past few weeks contracts totalling more than 150 million dollars for the railway tracks and concrete sleepers for the planned388- kmstandard gaugerail link between the mine and Abbot Point.

Importantly, these contracts had gone to regional cities to generate jobs -- 74 million dollars for railway tracks (Arrium Steel, Whyalla) and 82 million dollars for sleepers (Austrak, Rockhampton).

Janakaraj also announcedanother contract for the CarmichaelRail Network linkingGalilee Basinmines, including the Adani mine,tothe port ofAbbot Point.

This contract iswith AECOM,who are regionally based in Townsville.

The AECOM deal coverssurveying anddesignfor the rail linkwith the company basing 70 people in Townsville.

"But we are building more than a rail line," Janakaraj said.

"We are building a line that will open the Galilee Basin, linking that massive coal reserve to markets around the world, generating power, and -- importantly -- generating many thousands of direct and indirect jobs in regional Queensland," Janakaraj said.

In Adani's case, it will linkitsCarmichael coal mine to its bulk loading facility atthe port ofAbbot Point from where it will be shipped to Adani's power stations in India. While some may be looking for ways to leave regional Queensland, Adani is looking to the future, he said.

"We are looking to ensure regional Queensland remains a great place to live, work and to raise a family. To achieve that, Adani is delivering onitspromise to address power poverty for hundreds of millions in India and unacceptably high unemployment in regional Queensland," he added.

"To those activists who sit in creature comfort and criticise us, I ask a simple question -- what are you doing for those people?" Janakaraj said.

Meanwhile, a group of religious leaders camped out today at the Sydney-based Commonwealth Bank's headquarters to protest against the proposed Adani mega coal mine project.

Local media reported that ten Buddhist and Christian leaders rallied outside the Darling Harbour office, holding signs with messages including 'People of faith say rule out Adani' and 'Grandpa what did you do about global warming?'

Uniting Church Minister Rex Graham said the group was opposed to the expansion of coal mines in Australia.

"The other banks have heard the message, particularly National Australian Bank and Westpac, and that's what we're looking for the Commonwealth Bank to also do so," he was quoted as saying.

The Carmichael coal project, Australia's largest, has been delayed since first being proposed in 2010 due to protests by green groups over its environmental impact.

The Indian energy giant has for more than five years battled the opposition to any expansion of the Abbot Point port, saying it will cut into the Great Barrier Reef World Heritage Area.

The project involves dredging 1.1 million cubic metres of soil near the Great Barrier Reef Marine Park, which will then be disposed of on land.

The Adani Group entered Australia in 2010 with the purchase of the greenfield Carmichael coal mine in the Galilee Basin in central Queensland, and the Abbot Point port near Bowen in the north.

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News Network
February 18,2020

Beijing, Feb 18: A hospital director at the epicentre of China's virus epidemic died on Tuesday, state media said, the latest medical worker to fall victim to the new coronavirus spreading across the country.

The COVID-19 virus, which is believed to have originated in Wuhan late last year, has infected more than 72,000 people and killed nearly 1,900.

Liu Zhiming, the director of Wuchang Hospital in Wuhan, died Tuesday morning after "all-out rescue efforts failed," state broadcaster CCTV reported.

China said last week that six medical workers had died from the virus, while 1,716 have been infected.

Liu's death was initially reported by Chinese media and bloggers shortly after midnight on Tuesday -- but the stories were later deleted and replaced with reports that doctors were still trying to save him.

After initial reports of his death were denied, the hospital told AFP on Tuesday morning that doctors were giving him life-saving treatment.

Liu's death has echoes of that of Wuhan ophthalmologist Li Wenliang, who had been punished by authorities for sounding the alarm about the virus in late December.

Li's death prompted a national outpouring of grief as well as anger against the authorities, who were accused of mishandling the crisis.

People took to social media to mourn Liu on Tuesday, with many users on the Twitter-like Weibo platform drawing critical comparisons between Liu's death and Li's.

In both cases their deaths were initially reported in state media posts -- later deleted -- and their deaths denied, before being finally confirmed again.

"Has everyone forgotten what happened to Li Wenliang? They forcefully attempted resuscitation after he died," one Weibo commenter wrote.

Another commenter said, Liu "already died last night, (but) some people are addicted to torturing corpses".

A hashtag about Liu's death had 29 million views by Tuesday afternoon.

Doctors in Wuhan face shortages of masks and protective bodysuits, with some even wearing makeshift hazmat suits and continuing to work despite showing respiratory symptoms, health workers have told AFP.

Hubei province and its capital Wuhan have been the hardest hit by the virus, accounting for nearly 1,800 of the deaths from the virus so far.

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News Network
March 12,2020

Geneva, Mar 12: For the global economy, virus repercussions were profound, with increasing concerns of wealth- and job-wrecking recessions. U.S. stocks wiped out more than all the gains from a huge rally a day earlier as Wall Street continued to reel.

The Dow Jones Industrial Average dropped 1,464 points, bringing it 20% below its record set last month and putting it in what Wall Street calls a “bear market.” The broader S&P 500 is just 1 percentage point away from falling into bear territory and bringing to an end one of the greatest runs in Wall Street’s history.

WHO officials said they thought long and hard about labeling the crisis a pandemic — defined as sustained outbreaks in multiple regions of the world.

The risk of employing the term, Ryan said, is “if people use it as an excuse to give up.” But the benefit is “potentially of galvanizing the world to fight.”

Underscoring the mounting challenge: soaring numbers in the U.S. and Europe’s status as the new epicenter of the pandemic. While Italy exceeds 12,000 cases and the United States has topped 1,300, China reported a record low of just 15 new cases Thursday and three-fourths of its infected patients have recovered.

China’s totals of 80,793 cases and 3,169 deaths are a shrinking portion of the world’s more than 126,000 infections and 4,600 deaths.

“If you want to be blunt, Europe is the new China,” said Robert Redfield, the head of the U.S. Centers for Disease Control and Prevention.

With 12,462 cases and 827 deaths, Italy said all shops and businesses except pharmacies and grocery stores would be closed beginning Thursday and designated billions in financial relief to cushion economic shocks in its latest efforts to adjust to the fast-evolving crisis that silenced the usually bustling heart of the Catholic faith, St. Peter’s Square.

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Agencies
July 2,2020

Moscow, Jul 2: Russian voters approved changes to the constitution that will allow President Vladimir Putin to hold power until 2036, but the weeklong plebiscite that concluded Wednesday was tarnished by widespread reports of pressure on voters and other irregularities.

With most of the nation's polls closed and 20% of precincts counted, 72% voted for the constitutional amendments, according to election officials.

For the first time in Russia, polls were kept open for a week to bolster turnout without increasing crowds casting ballots amid the coronavirus pandemic a provision that Kremlin critics denounced as an extra tool to manipulate the outcome.

A massive propaganda campaign and the opposition's failure to mount a coordinated challenge helped Putin get the result he wanted, but the plebiscite could end up eroding his position because of the unconventional methods used to boost participation and the dubious legal basis for the balloting.

By the time polls closed in Moscow and most other parts of Western Russia, the overall turnout was at 65%, according to election officials. In some regions, almost 90% of eligible voters cast ballots.

On Russia's easternmost Chukchi Peninsula, nine hours ahead of Moscow, officials quickly announced full preliminary results showing 80% of voters supported the amendments, and in other parts of the Far East, they said over 70% of voters backed the changes.

Kremlin critics and independent election observers questioned the turnout figures.

We look at neighboring regions, and anomalies are obvious there are regions where the turnout is artificially (boosted), there are regions where it is more or less real, Grigory Melkonyants, co-chair of the independent election monitoring group Golos, told The Associated Press.

Putin voted at a Moscow polling station, dutifully showing his passport to the election worker. His face was uncovered, unlike most of the other voters who were offered free masks at the entrance.

The vote completes a convoluted saga that began in January, when Putin first proposed the constitutional changes.

He offered to broaden the powers of parliament and redistribute authority among the branches of government, stoking speculation he might seek to become parliamentary speaker or chairman of the State Council when his presidential term ends in 2024.

His intentions became clear only hours before a vote in parliament, when legislator Valentina Tereshkova, a Soviet-era cosmonaut who was the first woman in space in 1963, proposed letting him run two more times.

The amendments, which also emphasize the primacy of Russian law over international norms, outlaw same-sex marriages and mention a belief in God as a core value, were quickly passed by the Kremlin-controlled legislature.

Putin, who has been in power for more than two decades longer than any other Kremlin leader since Soviet dictator Josef Stalin said he would decide later whether to run again in 2024.

He argued that resetting the term count was necessary to keep his lieutenants focused on their work instead of darting their eyes in search for possible successors.

Analyst Gleb Pavlovsky, a former Kremlin political consultant, said Putin's push to hold the vote despite the fact that Russia has thousands of new coronavirus infections each day reflected his potential vulnerabilities.

Putin lacks confidence in his inner circle and he's worried about the future, Pavlovsky said.

He wants an irrefutable proof of public support.

Even though the parliament's approval was enough to make it law, the 67-year-old Russian president put his constitutional plan to voters to showcase his broad support and add a democratic veneer to the changes.

But then the coronavirus pandemic engulfed Russia, forcing him to postpone the April 22 plebiscite.

The delay made Putin's campaign blitz lose momentum and left his constitutional reform plan hanging as the damage from the virus mounted and public discontent grew.

Plummeting incomes and rising unemployment during the outbreak have dented his approval ratings, which sank to 59%, the lowest level since he came to power, according to the Levada Center, Russia's top independent pollster.

Moscow-based political analyst Ekaterina Schulmann said the Kremlin had faced a difficult dilemma: Holding the vote sooner would have brought accusations of jeopardizing public health for political ends, while delaying it raised the risks of defeat.

Holding it in the autumn would have been too risky, she said.

In Moscow, several activists briefly lay on Red Square, forming the number 2036 with their bodies in protest before police stopped them.

Some others in Moscow and St. Petersburg staged one-person pickets and police didn't intervene.

Several hundred opposition supporters rallied in central Moscow to protest the changes, defying a ban on public gatherings imposed for the coronavirus outbreak. Police didn't intervene and even handed masks to the participants.

Authorities mounted a sweeping effort to persuade teachers, doctors, workers at public sector enterprises and others who are paid by the state to cast ballots. Reports surfaced from across the vast country of managers coercing people to vote.

The Kremlin has used other tactics to boost turnout and support for the amendments.

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