 "Adani said to delay Australia coal shipment over funding hitch, eyes deals")
Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies.
The billionaire Gautam Adani-backed company has abandoned a 2020 target date to begin mining coal from the Carmichael project in Australia’s northeastern state of Queensland after failing to obtain up to A$3 billion ($2.3 billion) of funds from lenders by a March deadline, according to a person with knowledge of the matter. The company now expects first production to be delayed by up to a
