Adani gives final approval for Carmichael mine
Published by Angharad Lock,
Digital Assistant Editor
World Coal,
Adani Enterprises has awarded final investment approval for the Carmichael coal mine and railway, located in the Galilee Basin, Australia.
The $4 million project is anticipated to create 10 000 jobs, with coal from the mine to be exported to India.
“We are committed to this project,” commented Adani Chariman, Gautam Adani.
“We have been challenged by activists in the courts, in inner city streets, and even outside banks that have not even been approached to fiannce the project,” Adani said.
The company now hopes to secure government backing through a AUS$900 million loan.
Read the article online at: https://www.worldcoal.com/coal/07062017/adani-gives-final-approval-for-carmichael-mine/
You might also like
A coal comeback may be taking place in the US
Matt Mackowiak, Director of Government Affairs at Core Natural Resources, comments on the recent signing of four executive orders by US President Donald Trump that will help propel the use of coal.