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Carmichael mine project: Political cloud over Adani's hope for $684-mn loan

The left-leaning Labour party is on track to win the Queensland state polls, dashing Adani's hopes for a loan

Reuters  |  Sydney 

India's Adani Enterprises Ltd faces a likely block on an A$900 million ($684 million) government loan to help build a giant coal mine in Australia, with the left-leaning Labor Party on track for re-election in a state poll. Queensland state premier Annastacia Palaszczuk, who originally supported Adani's application for the federally funded loan to build a rail coal haulage line, said three weeks ago her government would veto the concessional loan. The Labor party, which faced a strong challenge to return to power, was leading after three-quarters of votes were counted ...

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First Published: Mon, November 27 2017. 10:20 IST