Adani Coal Airport
 

Good to see a new airport being built...

Adani bought India flights for Queensland mayors of councils paying $30m for company airstrip - ABC News (Australian Broadcasting Corporation)






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Adani is a financial house of cards, about to fall off a cliff of debt.

The Indian incarnation (Hindu pun intended) of Enron.

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So, if yer get yer wish and Adani falls over... then what. India is still building several hundred new coal power stations. There's something like 1600 new coal power stations in the works around the world. They will all need coal. Something tells me there will be a line up of buyers for the Adani mines if they were put to market..:)

The increasing debt of Australia means coal exports will become increasingly important as time goes by to prop up our Oz 'house of cards'






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Yet all reputable banks won't touch it with a bargepole. :}

There are such things as "reputable" banks...:ooh: ...Where ?


:)






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Banks who don't want to lose money then. :E

Well, China Is funding, and building, many of those coal power stations around the world that apparently the 'carbon credit' pushing banks wont fund. So i suspect India where more then 250,000,000 people still don't have power will get all the coal funding they want. The people will demand it...:)

Wonder who will get the contract to build the Adani coal airport. Some crew with large airport building experience perhaps..:)





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Seems like a few of the fossils around here have an affinity for their coal cousins.

Coal in 'freefall' as new power plants dive by two-thirds

The economics have tipped in favour of renewable energy. The coal reserves controlled by Adani in Australia will never leave the ground.

Had to laugh when that nutter Malcolm Roberts got his marching orders from the High Court.

Hard to believe 2 Councils are picking up the tab for the remote Adani airstrip

Just back from Laos. New $1.30Bn hi-tech low emission coal fired power station being built in southern region starting in December. They bought and upgraded a port in Vietnam to ship coal in. Hydro and solar with very little wind cannot meet demands for a growing economy. Diesel power is the only other alternative which is very expensive and consumes lots of fuel..

Im used to seeing FIFO over distances of 500k plus particularly in WA. Given those relatively shorter distances would FIFO ops out of TVL or ROK be viable over a longer period as opposed to drive in - drive out?

peterc005, did you actually read the link you provided? The article is mainly based on information provided by green groups - i.e., nonsense.

Here's the reality:

"...Back in April 2015, WUWT reported how an attempt by the Obama administration to push the World Bank into choking off finance for coal projects in the third world had backfired. China stepped into the breach, and used its enormous state resources to create a new bank, to provide the fossil fuel finance the Obama influenced World bank was no longer willing to provide, effectively sidelining the renewables obsessed world bank into international irrelevance..."

https://wattsupwiththat.com/2016/12/...ael-coal-mine/





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Pot meet kettle, Binghi, pot meet kettle.

PeterC: I agree with Peter. The entire Adani project doesn't pass the smell test. I have seen a number of similar deals fall apart with much tears and embarassment from the gullible.

The giveaway for me is the request for a billion in infrastructure spending by government. In return Adani is going to create "Thousands of jobs".

Folks this looks to me like a "main chancer' scam. I guy with no money, no customers and no expertise spins a good story to local government and asks for assets or funding before opening the cornucopia of jobs he has. The assets take the form of works, public land or money. The scammer then takes the money or tries to flog the assets or tries to flog the whole project to another buyer.

Two I've had something to do with;

The turkish businessman with huge wool factories in Turkey who wanted to build a new wool scouriing plant in Geelong creating the proverbial "thousands of jobs". The council paid for his accommodation for Two years. He wanted land and grant money. The deal only fell through when he refused to open the books of his alleged Turkish factories (citing tax reasons!) to state government before they parted with the cash.

The Indonesian entrepreneur who was selecting a new car registration system for Indonesia. We would get a dollar per car per year if we built it for him. The company spent 2 million on this joker before the scam was uncovered.

There are more, but I've forgotten them. There will be accountants and auditors in Queensland losing sleep over this "deal" as we speak. Stop the project until Adani opens its books and comes up with a credible project finance plan and posts a performance bond of a billion or two.

Can't they just use the train network that we need to pay for anyway? I am with you Sunfish, this guy needs to put up some real hurt money before the Australian Tax Payer puts forward anything.

It stinks of a Nigerian letter/email scam.

And $30 mill will only cover the security requirement expenses a year!

I don't consider crack-pot conspiracy theory web sites a source of reliable information. Believing the rants on sources like this is probably a symptom of a cognitive impairment.

Peer-reviewed research on the other hand interests me.

Man-made climate change is real. Renewable energy of the way of the future.

Hmmm, so peterc005, are you saying China is not building coal power plants around the world ?...:hmm:

Well peterc005, here's yer chance to disprove WattsUpWithThat.com (WUWT). The link i provided to the WUWT article is a fact rich read. Surely in all that you can actually find something to challenge - or not..:hmm:

Here's that link again: https://wattsupwiththat.com/2016/12/...ael-coal-mine/






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Sunfish, looks like you've been suckered into the greeny diversionary argument.

I know little of the Adani coal Co. Though I do know that it is coal that will be mined and that there are many new coal power stations being built around the world that will need our high quality coal. At the end of the day, it don't mater what happens with the Adani Co. The infrastructure the QLD government is putting in place will be needed.





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Folks,
At last count I saw, PR China is building 299 new coal fired power stations.
I have actually been to one of them, Wuwei, north western China on the Mongolian border --- it can be clearly be seen on Google Earth.

The existing generating capacity just a Wuwei is somewhat bigger than all Australian generating capacity combined, and that is just one expanding site. The Wuwei coal source is largely Mongolia.

I would remind you all that, under the "wonderful" Paris Accord, neither China nor India have any binding agreements to reduce any pollutant output, only to reconsider by 2030.

It is true that China is shutting down very old coal fired plants, but this is about reducing particulate pollution,(as any of you who have experienced Beijing or Harbin smogs, as I have, will understand why) not CO2, and they are being replaced by a combination of "new" coal and nuclear, with some new hydro, for a rapidly expanding total output.

Yes, there is some solar and windmills, but a very small proportion, the Chinese fully understand "H24 dispatchable" and "reliable". Hard reality trumps "virtue signalling" in the People's Republic.

Whatever Australia does will have little or no impact on total tonnage of coal used to generate power. If we strangle Australian exports, there is plenty of coal around the world, and coal will play a major roll in power generation long after we, currently on this site, are all long gone.

The above is all fact, regardless of your personal views on global warming, cooling or undecided.

Tootle pip!!

LeadSled is correct. If they don't buy from Australia they'll shop elsewhere. Australia doesn't have a monopoly on coal by any means.


Adani means more aviation related jobs too...