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Adani secures mini-Carmichael financing

Australia’s Adani Mining can start construction and operation of its Carmichael thermal coal mine and rail project in Central Queensland’s Galilee Basin after parent company Adani Group (NSE:ADANIENT) put up all the money to fund the development.

Adani secures mini-Carmichael financing Adani secures mini-Carmichael financing Adani secures mini-Carmichael financing Adani secures mini-Carmichael financing Adani secures mini-Carmichael financing

Adani's Carmichael thermal coal mine and rail project will eventually ship coal to India via the Abbot Point coal terminal

Adani had had a hard time trying to get funding, with most banks reluctant to finance the controversial coal mine, which, although located in Australia, will ship most of its material to India.