• Tuesday, May 24, 2022

Business

Adani gives final approval for $4 billion Australia coal mine project

According to a memorandum of understanding (MoU), the two companies will jointly evaluate developing and operating data centres, data centre parks, and cultivate undersea cable provider communities of interest across India.

By: Sarwar Alam

Adani Enterprises on Tuesday (6) gave final investment approval for its controversial $4 billion Carmichael mine and rail project in Queensland. “The project has Final Investment Decision approval, which marks the official start of one of the largest single infrastructure and job-creating developments in Australia’s recent history,” chairman Gautam Adani said in a statement. The company, which has still to line up funding, plans to build what would be Australia’s biggest coal mine, but has faced opposition from environment groups who argue it will contribute to global warming and damage the Great Barrier Reef. On Tuesday, Adani said the project…

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