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.

MENAFN2003201700450000ID1095329360


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.