ADANI Australia has invested $3.3 billion into its local operations and, according to its own statements, already employs more than 800 people.
Yesterday's announcement about the dissolution of the Indian miner's agreement with Downer, while worrying, is not the end of the Carmichael project.
While celebrated as a lethal blow to the company and its plans to open the Galilee Basin for coal extraction by anti-mining activists, the company says it is only a belt-tightening move designed to keep the costs of building the project low.
The company says the State Government's pledge to veto its Northern Australia Infrastructure Facility loan application for its Abbot Point rail line forced it to re-evaluate its costings.
It is good to see a commitment from Adani to forge ahead with the project and as Mayor Jenny Hill said, the sooner the company commences work, the sooner jobs will flow to North Queensland.
But there is no denying the continual developments in the project are troubling and they are perceived as setbacks.
The lobby opposing the building of the mine is very well funded, passionate and determined to stop this project.
They argue Adani and the Carmichael mine development are the tip of a spear that will kill off the Great Barrier Reef because the coal extracted from Queensland will be burned in India and contribute to global warming.
Claims of corruption, irresponsible business practices and other more colourful allegations are bullets fired in an ideological war being waged about the effects of human activity on the planet.
It is natural for North Queenslanders to have environmental concerns; our region is the best place on Earth and all of us want to protect and preserve it.
But North Queenslanders also have faith and are satisfied with the scrutiny and rigour applied by State and Federal government agencies to every aspect of the Carmichael project thus far and are looking forward to the jobs Adani promises.