HomeNewsBusinessCompaniesAdani clears another hurdle in bid to get mining lease

Adani clears another hurdle in bid to get mining lease

Adani now needs to strike a similar compensation for council infrastructure as well as landholders and native title holders before getting its mining lease.

February 24, 2016 / 14:10 IST
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Indian mining giant Adani's 6.5 billion dollar controversial coal mine project in Australia's Queensland state has inched closer to getting its mining lease after it struck a mining compensation deal with a local government body.

The agreement was signed yesterday at state's Isaac Regional Council meeting.

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Adani now needs to strike a similar compensation for council infrastructure as well as landholders and native title holders before getting its mining lease.

That will then allow the company to make formal approaches to banks for financing for the mine.