Carmichael Coal Mine

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

Amundi, which holds the bond in its Amundi Planet Emerging Green One fund, said it had learnt this week that the State bank of India was considering financing the Carmichael thermal coal mine in Australia

The Adani conglomerate coming under increasing pressure over its controversial coal mine in Australia said it won't let protests dissuade it from completing the project. The group, controlled by Indian billionaire Gautam Adani, is responding to an uptick in scrutiny over the Carmichael development, including from high-profile teen activist Greta Th...

Mr Adani bought the resource in Australia's Galilee Basin in 2010 as companies rushed for overseas energy supplies amid forecasts of booming demand.

The mining company is now expected to start construction at the site within days. The State Department of Environment and Science said in a statement that it has approved the most recent version of the plan, which Adani submitted just a day ago.

If given the green light, Adani could begin breaking ground at its Carmichael mine site within weeks, after more than eight years of planning.

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.

The announcement of self-funding comes after environmental groups pressured banks in Australia and overseas not to lend money to the project.

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.

Large protests were held across Australia on Saturday against mining giant Adani Enterprises' proposed Carmichael coal mine, which would be the country's largest coal mine but has been delayed for years over environmental and financing issues.

The company has said the project, at an initial cost of $4 billion, would pay billions of dollars in royalties and taxes, create jobs and export coal to India help bring electricity to rural regions.

"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.

Carmichael coal project, Australia's largest coal project has been delayed several times since first being proposed in 2010 due to protests and court claims from green groups concerned about its environmental impact.

The Adani spokesman said the company would make its decision in May regardless, after getting reassurances that the opposition Labor Party.

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

Amundi, which holds the bond in its Amundi Planet Emerging Green One fund, said it had learnt this week that the State bank of India was considering financing the Carmichael thermal coal mine in Australia

The Adani conglomerate coming under increasing pressure over its controversial coal mine in Australia said it won't let protests dissuade it from completing the project. The group, controlled by Indian billionaire Gautam Adani, is responding to an uptick in scrutiny over the Carmichael development, including from high-profile teen activist Greta Th...

Mr Adani bought the resource in Australia's Galilee Basin in 2010 as companies rushed for overseas energy supplies amid forecasts of booming demand.

The mining company is now expected to start construction at the site within days. The State Department of Environment and Science said in a statement that it has approved the most recent version of the plan, which Adani submitted just a day ago.

If given the green light, Adani could begin breaking ground at its Carmichael mine site within weeks, after more than eight years of planning.

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.

The announcement of self-funding comes after environmental groups pressured banks in Australia and overseas not to lend money to the project.

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.

Large protests were held across Australia on Saturday against mining giant Adani Enterprises' proposed Carmichael coal mine, which would be the country's largest coal mine but has been delayed for years over environmental and financing issues.

The company has said the project, at an initial cost of $4 billion, would pay billions of dollars in royalties and taxes, create jobs and export coal to India help bring electricity to rural regions.

"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.

Carmichael coal project, Australia's largest coal project has been delayed several times since first being proposed in 2010 due to protests and court claims from green groups concerned about its environmental impact.

The Adani spokesman said the company would make its decision in May regardless, after getting reassurances that the opposition Labor Party.