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

29 November 2018
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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.

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