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/mining/07062017/adani-gives-final-approval-for-carmichael-mine/