Adani group protest: Hundreds rally in Australia against proposed $1bn loan to the mining company

More than 300 anti-mining protesters rallied in Melbourne on Monday to protest against a proposed $1bn federal government loan to Adani Group for a rail line.

Adani group protest: Hundreds rally in Australia against proposed $1bn loan to the mining company

More than 300 anti-mining protesters rallied in Melbourne on Monday to protest against  a proposed $1bn federal government loan to Adani Group for a rail line.

The protesters came together before an expected meeting in the city between Prime Minister Malcolm Turnbull and the head of the Indian mining company, Gautam Adani, reported The Guardian.

The minister for northern Australia, Matt Canavan, confirmed the federal government was considering lending $1bn toward the construction of a 310 km rail line from the proposed Galilee Basin coal mine to the port.



The 310 km North Galilee Basin Rail Project has met the economic, financial and employment conditions for a 50% loan over five years under the Northern Australia Infrastructure Fund (NAIF).

The Queensland government recently declared the Carmichael coal project “critical infrastructure”, heading off legal challenges after a raft of court cases brought by environmental groups and traditional owners.


Matt Canavan has said the proposed mine was “good news for our country”. “It is a major project, it will be the first time a new minerals basin has opened up for 40 years, and this has the potential to be the platform for many other projects in our region as well,” he said.


He said that Australia has some of the highest quality coal in the world and so providing India with its energy needs from Australian coal is good for the environment because it burns at a higher rate and produces less emissions per kilowatt hour produced.

The Galilee Basin in Australia is the largest untapped coal reserve in the country and six companies, of which Adani is the largest, have sought permission to develop the basin, despite the warning from scientists and environmentalists.

A recent report has claimed that mining the Galilee basin could produce enough emission to push global warming to 2C.