Billionaire Adani Aims to Begin Mining Australian Coal in 2020

Billionaire Adani Aims to Begin Mining Australian Coal in 2020

India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine.

The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, billionaire chairman of the Indian group said on Friday. Adani expects permission from Malcolm Turnbull’s government for the project in Queensland’s Galilee Basin as early as May, he said. Read more

Credits:bloomberg.com

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