Indian energy giant Adani today deferred a final investment decision on its much-delayed 21.7 billion dollar Carmichael coal mine in Australia after the Queensland government failed to decide on royalties amounting to millions of dollars for the controversy-hit project.
Adani wanted the Queensland government to delay the start of royalty obligations on the coal mine it hopes to build in Queensland’s Galilee Basin, media reports said.
A final investment decision (FID) on Carmichael was expected from Adani this month. Read More…
Credit By: India
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