carmichael mine

Adani's Australian Coal Operations Avoid Company Tax Despite Nearly $1 Billion Revenue

Adani's Carmichael thermal coal operations in Queensland generated almost $1 billion in revenue but reported a $340.6 million loss, avoiding company tax for the past year and since opening in 2021. The Abbot Point port business also paid no tax, prompting calls for new regulations on foreign entities' capital structures in Australia.