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Australia may fund Adani Enterprises' $4 billion Carmichael coal mine

Adani's proposed Carmichael mine in Queensland state has faced years of delays

Reuters  |  Sydney 

Adani Enterprises' $4 billion Carmichael coal mine in Australia's north is one of five projects that have been shortlisted for potential government funding, a source with direct knowledge of the matter said on Friday. Adani's proposed Carmichael mine in Queensland state has faced years of delays amid opposition from environment groups who argue it will contribute to global warming and damage the Great Barrier Reef, leading some banks to rule out any role in funding. The Northern Australia Infrastructure Facility (NAIF), a federal agency, said on Friday that it has ...

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First Published: Fri, July 14 2017. 11:45 IST
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