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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