Adani Mining's Carmichael mine and rail project will be 100 percent financed through the Adani Group's resources.
Steel Authority of India is set to award an arm of ACB India Ltd a 30-year contract to mine, develop and operate its 14 million tonne per year Rowghat iron-ore mine in Chhattisgarh, according to an official familiar with the development.
Whitsunday Residents Against Dumping, claiming to save the Great Barrier Reef, brought an application to the Queensland Supreme Court that sought a hearing to determine whether the state's environment department properly considered legislative tests when approving the contentious port expansion.
Speaking to CNBC-TV18, Jeyakumar Janakraj, CEO of the company says the mine will yield 60 million tonne of coal per year post the full ramp-up.
Commonwealth Bank of Australia, the country's largest lender, has ended its role as financial adviser to Indian conglomerate Adani Mining's multibillion dollar Carmichael Mine, a further blow to the controversial project.
An Australian court on Wednesday revoked the government's environmental approval for one of the world's biggest coal mines under construction in the Australian outback by Indian conglomerate Adani Mining.
Adani Mining said the latest suspension of work on its USD 10 billion (USD 7.4 billion) Carmichael coal mine in Australia was due to delays in government approvals for the project, which environmentalists say could damage the Great Barrier Reef.
The key hurdle Adani needs to clear to secure loans for the Carmichael mine, rail and port project is dredging approval to expand its Abbot Point port.
The repeal of the Minerals Resource Rent Tax (MRRT) or mining tax this week underlines the cost-effectiveness of the Carmichael mine, according to Adani's official statement here.
In an interview with CNBC-TV18, Ravi Sharma, CEO of the company says CIL's inability to supply to demands and coal pricing are the major hinderances to quick decision-making.