Carmichael coal mine News
The 16.5 billion dollar Carmichael coal mine project is one of the world's largest.
Adani Group Chairman Gautam Adani on Tuesday gave the final investment approval for the Indian conglomerate's controversy-hit 21.7 billion dollars coal mine project in Australia which had hit several roadblocks over environmental concerns.
Adani Group Chairman Gautam Adani, whose $22 billion Carmichael coal mine and port cum railhead project in Queensland is being opposed by some people, says he is hopeful of starting it by August this year.
Adani Mining said on Wednesday it was rejigging the budget on the A$10 billion ($7.72 billion) Carmichael coal mine project in Australia as it faces delays in government approvals.
Adani has signed up buyers for about 70 percent of the 40 million tonnes coal the Carmichael project is due to produce in its first phase, with production expected to begin in late 2017.
An Australian environmental group launched a legal challenge against Adani Enterprises’ $7 billion Carmichael coal mine project in the Galilee Basin.
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