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Adani coal royalties back on Australia state cabinet agenda

Adani said its board had deferred a final investment decision that had been expected by end of May

Reuters  |  Sydney 

A final investment decision by India's Adani Enterprises to develop its Carmichael coal mine project in Australia could be back on track as early as next week, pending sign-off of a government royalty arrangement. Queensland state Premier Annastacia Palaszczuk, a proponent of the project, said on Friday that how much Adani will pay in royalties will be discussed at a cabinet meeting of the centre-left government on Monday. "I'm not going into those details, they'll be matters before cabinet on Monday," Palaszczuk told reporters. Adani said this week its ...

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First Published: Fri, May 26 2017. 15:51 IST