Australia’s Trade, Tourism & Investment Minister, Simon Birmingham, has said that the approvals given to Adani Group’s Carmichael mining project were rigorous and will stand legal scrutiny, reports The Hindu BusinessLine.
Indian conglomerate Adani Enterprises is in talks with China Machinery Engineering Corp (CMEC) for the financing of a controversial coal mine project in Australia, two sources with knowledge of the situation said on Thursday.
India’s Adani Enterprises said on Monday it will start work in October on its Carmichael coal project in Australia using A$400 million (S$430.7 million) of its own funds, even as it looks to lock in financing for the controversial mine.
India’s Adani Group could walk away from its $16.5 billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan.
Gujarat-based conglomerate Adani Group witnessed protest from a high-profile Australian delegation against its much talked about $ 11.5 billion Carmichael Coal Project that too at its corporate office in Ahmedabad on Thursday.