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Adani to finalise Carmichael coal mine project after royalty agreement

Adani has battled environment groups trying to block what would be Australia's biggest coal mine

Coal, Mines, Adani coal mines, Australia
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A reclaimer places coal in stockpiles at the coal port in Newcastle, Australia

Reuters
Adani Enterprises (ADEL.NS) will move ahead with a final financing decision for its Carmichael coal mine project in Australia after an end to negotiations on how to pay government royalties, it said on Tuesday.

"The Adani parent company board will consider the final investment decision at the next board meeting." the company said in a statement. No date has been set for the next meeting of the board though it typically meets once a month.

The Adani board last week deferred a final investment decision that had been expected by the end of May because the government had yet to sign off