Adani Australia Coal Mine Project

The German company had said it would decide by Monday on its involvement in the project

The flagship company of Adani Group had seen a profit before tax of Rs 29 lakh in the corresponding quarter of previous fiscal 2018-19

The massive coal mine in Queensland state has been a controversial topic, with the project expected to produce 2.3 billion tonnes of low-quality coal

Adani Mining said that according to the approval, the mining plan of the company was in line with all the regulatory conditions set by the Australian and State governments

Adani expects to ship first coal from its Australian mine in two years, Adani Mining Chief Executive Lucas Dow said.

Even after governments are out of the way, Adani will have to deal with markets and companies that aren't keen on the project

The environment department's decision will delay the controversy-hit Carmichael coal mine project indefinitely

The mine has come under heated opposition from environmental groups since it was mooted eight years ago

Queensland is waiting on scientific reviews of Adani's plans to protect the endangered black-throated finch and to manage groundwater levels at the nearby Doongmabulla Springs

The Queensland govt last week vetoed a plan to give a $900-mn concessional loan for the construction of a rail line for the Carmichael coal project

One of the major questions about Adani's mine is its financial viability, and its inability to secure private sector funding