Australian Coal Mine Project

Former Australian Prime Minister Tony Abbott, a known backer of Adani Group's coal mine projects in his country, today came out in support of the embattled group's Chairman Gautam Adani, saying he has a lot of admiration

As the Adani Group's Australian business, re-branded as Bravus, announced it had struck coal at Carmichael project in Australia, Mr Adani took to Twitter to say he could not have hoped for a better birthday gift than being able to provide affor

Billionaire Gautam Adani rejected criticism over the environmental impact of a huge coal mine planned by his company in Australia, saying renewables can't meet all of India's energy needs.

The Adani project which still require to clear few more approvals from the Queensland Government, including groundwater modelling, recently received the clearance from federal government for development.

Australian Prime Minister Malcolm Turnbull has strongly supported energy giant Adani's controversial 16.5 billion dollar coal mine in Queensland, saying the project has gone through extensive environmental permitting and should go ahead.

In a blow to the Adani group, the Australian government today said it would not finance a vital rail-link project that supports beleaguered Indian energy giant's 16.5 billion dollars Carmichael coal mine.

The move marks the latest blow to the long-delayed Carmichael mine, which has yet to line up financing as a growing list of Australian and international banks, including three Chinese state lenders, have said they would not back the project.

"The Adani parent company board will consider the final investment decision at the next board meeting." the company said in a statement. No date has been set for the next meeting of the board though it typically meets once a month.

The support for the investment in Queensland comes just days after Australian cricket legends Ian and Greg Chappell and scores of other prominent Aussies urged Adani to abandon the $21.7 billion project.

Last year, the environment and heritage protection (EHP) department of the Queensland state issued the final environmental authority (EA) for Adani's Carmichael Mine project in the Galilee Basin.

The group plans to hand deliver a letter to Adani founder Gautam Adani signed by more than 80 business leaders, sporting figures, authors, musicians and scientists, economists and community leaders.

The four-member Australian community delegation handed over the letter to officials of the company's Corporate Communications department.

Financing from the A$5 billion Northern Australian Infrastructure Facility (NAIF) would offer a boost to Adani after some major banks said they would not participate in the controversial coal project.

The mine would be twice the size of Australia's current largest coal mine and would yield as much as 60 million tonnes of coal per year from the site for 60 years.

Adani Enterprises today said it plans to start construction of a $21.7 billion Carmichael coal mine project in Australia in 2017.

Former Australian Prime Minister Tony Abbott, a known backer of Adani Group's coal mine projects in his country, today came out in support of the embattled group's Chairman Gautam Adani, saying he has a lot of admiration

As the Adani Group's Australian business, re-branded as Bravus, announced it had struck coal at Carmichael project in Australia, Mr Adani took to Twitter to say he could not have hoped for a better birthday gift than being able to provide affor

Billionaire Gautam Adani rejected criticism over the environmental impact of a huge coal mine planned by his company in Australia, saying renewables can't meet all of India's energy needs.

The Adani project which still require to clear few more approvals from the Queensland Government, including groundwater modelling, recently received the clearance from federal government for development.

Australian Prime Minister Malcolm Turnbull has strongly supported energy giant Adani's controversial 16.5 billion dollar coal mine in Queensland, saying the project has gone through extensive environmental permitting and should go ahead.

In a blow to the Adani group, the Australian government today said it would not finance a vital rail-link project that supports beleaguered Indian energy giant's 16.5 billion dollars Carmichael coal mine.

The move marks the latest blow to the long-delayed Carmichael mine, which has yet to line up financing as a growing list of Australian and international banks, including three Chinese state lenders, have said they would not back the project.

"The Adani parent company board will consider the final investment decision at the next board meeting." the company said in a statement. No date has been set for the next meeting of the board though it typically meets once a month.

The support for the investment in Queensland comes just days after Australian cricket legends Ian and Greg Chappell and scores of other prominent Aussies urged Adani to abandon the $21.7 billion project.

Last year, the environment and heritage protection (EHP) department of the Queensland state issued the final environmental authority (EA) for Adani's Carmichael Mine project in the Galilee Basin.

The group plans to hand deliver a letter to Adani founder Gautam Adani signed by more than 80 business leaders, sporting figures, authors, musicians and scientists, economists and community leaders.

The four-member Australian community delegation handed over the letter to officials of the company's Corporate Communications department.

Financing from the A$5 billion Northern Australian Infrastructure Facility (NAIF) would offer a boost to Adani after some major banks said they would not participate in the controversial coal project.

The mine would be twice the size of Australia's current largest coal mine and would yield as much as 60 million tonnes of coal per year from the site for 60 years.

Adani Enterprises today said it plans to start construction of a $21.7 billion Carmichael coal mine project in Australia in 2017.