INDIAN energy giant Adani Enterprises has moved foreign investment in Australia to a new level, with a $10 billion scheme to control every stage of its booming coal export business from mine to port.
Mr Derasari insisted the project would deliver large economic benefits to Australia in terms of employment and revenue, through direct mineral royalties paid to the Queensland government and spin-off economic activity.
There would be 5000 jobs during the construction phase and 3500 permanent jobs, most of them around the mines in a remote corner of Queensland that is mostly given over to cattle production.
The mine was already approved by the Foreign Investment Review Board when it was on the market last year, and the company gained approval for the purchase of Abbot Point.
I wonder, does Tony Abbott get the point about Abbot Point.