Sunday, February 26

Tycoon vows to create jobs, but issues tax warning



Gautam Adani's energy and infrastructure conglomerate, Adani Group, is expected to spend more than $6bn on Queensland coalmines, rail and ports. Picture: Graham Crouch Source: The Australian
INDIA'S sixth-richest man and one of Australia's largest foreign investors, Gautam Adani, has vowed to bring jobs and training to Aboriginal and rural Queenslanders first, other Australians second, and only hire foreign workers as a last resort.

But the energy and infrastructure baron -- who is expected to sink more than $6 billion into Queensland coalmines, rail and ports in coming years -- has also warned the federal government against the imposition of a mining super-tax, predicting it will "upset the whole of the Australian economy".

While the Minerals Council of Australia told a senate hearing this week the proposed 30 per cent tax on big coal and iron producers was "workable", Adani is appealing to the government to "see the larger picture".


The Australian

Editor's Note:  Last Par:  I don't think that either the Qld Government or the Australian Federal Government can see anything past their own internal turmoil at the moment...the question continues to be asked, "Who is running the country??"

No comments:

Post a Comment