• Saturday, April 20, 2024

Business

India’s Mining Firm Adani Presses Ahead With Controversial Australia Coal Mine

Most of the coal from the Carmichael mine is expected to be sent directly to India, which is among the world’s largest consumers of the fossil fuel (Photo: Michael Masters/Getty Images).

By: Radhakrishna N S

Indian mining firm Adani vowed Thursday (29) to press ahead with the construction of a controversial coal mine in northeastern Australia, although the project will be dramatically scaled back. Work on the Carmichael mine which has attracted considerable controversy in Australia could now get underway within weeks. Adani said it would fund the multi-billion dollar project itself, after almost a decade of financial and regulatory jousting. “We will now begin developing a smaller open cut mine comparable to many other Queensland coal mines” said Adani Mining CEO Lucas Dow. The plan is to produce around 28 million tonnes of coal…

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