Adani's 'Below-Market' Coal: A Masterclass in Extraction
Adani is reportedly denying claims from The Australia Institute that it sold coal from its Carmichael mine far below market rates, potentially costing Queensland hundreds of millions in royalties. The Institute's Rod Campbell calculated Adani's average sale price at just over $A100 a tonne from 2023-2025, while market prices were considerably higher. This isn't just 'bad accounting'; it's a
predictable outcome when governments become cheerleaders for corporations they barely regulate. One might wonder at what point selling 'below market' becomes corporate welfare, cloaked in 'business acumen.' It's a tale as old as time: multinational extracts resources, government gets crumbs, local environment pays the real price. The sheer audacity of denying this while revenue disappears should
make any taxpayer question whose interests are truly being served. It certainly isn't Queensland's.