Wednesday, 22 November 2017 11:13 GMT
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India's Adani Group to extract coal from USD16.5bn project

(MENAFN) India's Adani Group aims to extract coal from the USD16.5bn Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine.

Moreover, the firm will start work on the project three months after it gets final approval from Australia's federal government.

However, environmentalists are worried that the development will threaten vulnerable species involving a lizard known as the Yakka skink.

In addition, the group has invested USD3.3bn in the coal mine, railway and port project in Austarlia, while it is adopting a different plan to build the mine.

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India's Adani Group to extract coal from USD16.5bn project

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