Adani is another commodities white elephant

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By Leith van Onselen

Doubts have emerged as to how many ongoing jobs would be created at Adani’s Carmichael coal mine if the $2 billion project goes ahead. A spokeswoman says the project would create 1,500 direct jobs and 6,750 indirect jobs during the ramp-up and construction phases. She adds that the number of jobs when the mine becomes operational will be in line with open-cut coal mines of a similar size in Queensland, which is between 800 and 1,500. Adani had originally flagged the creation of about 5,000 operational jobs at Carmichael, before the size of the project was scaled back. From The Australian:

“Job numbers for operational open-cut coalmines of a similar size in Queensland range ­between 800 and 1500 roles,” she said. “When the Carmichael mine enters operation we expect it to require a similar amount of operational roles”…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.