Adani Looking For Foreign Coal Mines Amid Challenges In Australia


Adani Looking For Foreign Coal Mines Amid Challenges In Australia

Indian resources conglomerate Adani Enterprises Ltd is looking to buy mines in countries such as Indonesia, a company executive told Reuters on Wednesday, despite its struggles to develop a controversial coal project in Australia.

The company already owns a coal mine in Indonesia but has been unable to secure financing for the long-delayed Carmichael mine in Australia amid numerous court challenges from environmental groups concerned about climate change and potential damage to the Great Barrier Reef.

“We have a mine in Indonesia, and we are looking for more options there,” Rajendra Singh, a chief operating officer of Adani’s coal trading business, said on the sidelines of the Coaltrans India conference in the coastal town of Bambolim in Goa state. Read More…

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