Adani vows to pay ‘every cent’ owed to Qld as talks of royalty holiday emerge

Indian major Adani is reportedly in talks with the Queensland government over a “royalty holiday” for its $16.5-billion Carmichael coal project. Local media reports state that the proposed agreement will see Adani pay just A$2-million a year in royalties once the project starts operating, with the royalty rate increasing after several years.