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The Briefing …
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The Queensland government has reached a deal with mining giant Adani over royalty arrangements for the proposed Carmichael coal mine.
While the details of the deal will remain confidential, the agreement ends an impasse that divided the state government over the prospect of giving taxpayer money to a fossil fuel project. The news will come as a relief to Adani, which is being pressured to sell off its Australian coal mining assets by the Reserve Bank of India to stave off a looming loans crisis. Adani Group chair Gautam Adani praised the Palaszczuk government on Twitter “for their support”.
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Alex McKinnon, The Saturday Paper