The agreement was signed yesterday at state's Isaac Regional Council meeting.

Adani now needs to strike a similar compensation for council infrastructure as well as landholders and native title holders before getting its mining lease.

That will then allow the company to make formal approaches to banks for financing for the mine.

Mayor of Isaac region in the state, Anne Baker, said Adani and Council have worked closely together to ensure a way forward and a positive outcome.

She said Queensland’s mining sector has suffered with over 20,000 jobs losses over the past two years.

"It's essential our communities and our businesses benefit from the Carmichael project. Both parties are committed to commencing negotiations on the next and important step, the infrastructure agreement," Baker further commented.

Welcoming the move, Adani CEO Jeyakumar Janakaraj said, "Working together with Isaac Regional Council, the project is moving one step closer to delivering long term benefits to Queensland, while helping deliver higher quality, lower emitting coal that will help alleviate energy poverty in India."

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