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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Business editor

Adani denies claims it sold ‘below-market coal’ leading to Queensland missing out on hundreds of millions in royalties

Adani Coal Queensland Australia Institute Rod Campbell the Australia Institute Tim Buckley Australia Carmichael
A Caterpillar haul truck at Carmichael Coal Mine.
The Carmichael coalmine, owned by Bravus resources, part of the Adani group. Composite: Guardian Design/Wikimedia

Adani has consistently sold coal from its Queensland mine far below market rates, according to claims made in new analysis, potentially reducing the royalties owed to the state government by hundreds of millions of dollars.

The research director at the Australia Institute, Rod Campbell, calculated that Adani sold thermal coal from its Carmichael mine at an average of just over $A100 a tonne during the 2023 to 2025 financial years – its first three full years of operation.

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