Adani Carmichael Coal Project

As the Adani Group's Australian business, re-branded as Bravus, announced it had struck coal at Carmichael project in Australia, Mr Adani took to Twitter to say he could not have hoped for a better birthday gift than being able to provide affor

The mining company is now expected to start construction at the site within days. The State Department of Environment and Science said in a statement that it has approved the most recent version of the plan, which Adani submitted just a day ago.

The Adani project which still require to clear few more approvals from the Queensland Government, including groundwater modelling, recently received the clearance from federal government for development.

In a blow to the Adani group, the Australian government today said it would not finance a vital rail-link project that supports beleaguered Indian energy giant's 16.5 billion dollars Carmichael coal mine.

The move marks the latest blow to the long-delayed Carmichael mine, which has yet to line up financing as a growing list of Australian and international banks, including three Chinese state lenders, have said they would not back the project.

The company has said the project, at an initial cost of $4 billion, would pay billions of dollars in royalties and taxes, create jobs and export coal to India help bring electricity to rural regions.

"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.

Carmichael coal project, Australia's largest coal project has been delayed several times since first being proposed in 2010 due to protests and court claims from green groups concerned about its environmental impact.

Adani's Carmichael coal mine has been dogged by delays as the company struggles to secure necessary capital and legal challenges from environmental groups.

The support for the investment in Queensland comes just days after Australian cricket legends Ian and Greg Chappell and scores of other prominent Aussies urged Adani to abandon the $21.7 billion project.

Adani has battled opposition from green groups who fear the project will produce so much coal for export to India that it will require a mega-port expansion into the Great Barrier Reef World Heritage Area.

Last year, the environment and heritage protection (EHP) department of the Queensland state issued the final environmental authority (EA) for Adani's Carmichael Mine project in the Galilee Basin.

The group plans to hand deliver a letter to Adani founder Gautam Adani signed by more than 80 business leaders, sporting figures, authors, musicians and scientists, economists and community leaders.

It has stalled amid a series of lawsuits brought by environmental groups and delays to government approvals.

Adani Enterprises today said it plans to start construction of a $21.7 billion Carmichael coal mine project in Australia in 2017.

As the Adani Group's Australian business, re-branded as Bravus, announced it had struck coal at Carmichael project in Australia, Mr Adani took to Twitter to say he could not have hoped for a better birthday gift than being able to provide affor

The mining company is now expected to start construction at the site within days. The State Department of Environment and Science said in a statement that it has approved the most recent version of the plan, which Adani submitted just a day ago.

The Adani project which still require to clear few more approvals from the Queensland Government, including groundwater modelling, recently received the clearance from federal government for development.

In a blow to the Adani group, the Australian government today said it would not finance a vital rail-link project that supports beleaguered Indian energy giant's 16.5 billion dollars Carmichael coal mine.

The move marks the latest blow to the long-delayed Carmichael mine, which has yet to line up financing as a growing list of Australian and international banks, including three Chinese state lenders, have said they would not back the project.

The company has said the project, at an initial cost of $4 billion, would pay billions of dollars in royalties and taxes, create jobs and export coal to India help bring electricity to rural regions.

"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.

Carmichael coal project, Australia's largest coal project has been delayed several times since first being proposed in 2010 due to protests and court claims from green groups concerned about its environmental impact.

Adani's Carmichael coal mine has been dogged by delays as the company struggles to secure necessary capital and legal challenges from environmental groups.

The support for the investment in Queensland comes just days after Australian cricket legends Ian and Greg Chappell and scores of other prominent Aussies urged Adani to abandon the $21.7 billion project.

Adani has battled opposition from green groups who fear the project will produce so much coal for export to India that it will require a mega-port expansion into the Great Barrier Reef World Heritage Area.

Last year, the environment and heritage protection (EHP) department of the Queensland state issued the final environmental authority (EA) for Adani's Carmichael Mine project in the Galilee Basin.

The group plans to hand deliver a letter to Adani founder Gautam Adani signed by more than 80 business leaders, sporting figures, authors, musicians and scientists, economists and community leaders.

It has stalled amid a series of lawsuits brought by environmental groups and delays to government approvals.

Adani Enterprises today said it plans to start construction of a $21.7 billion Carmichael coal mine project in Australia in 2017.