Adani defers Carmichael coal mine investment decision

Adani defers Carmichael coal mine investment decision

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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