Work on Adani Carmichael mine to begin in days
ADANI will start construction of its Carmichael mine within days and says it will meet the December target to raise the estimated $2 billion it needs to fund the mine and rail project in central Queensland, The Courier Mail reports.
The company has rejected reports that the timing of financial close has been pushed back to March, despite comments from its Australian chief executive Jeyakumar Janakaraj who said the funding should be resolved by the end of the Indian financial year in March.
Reports that Adani's Abbot Point coal terminal was facing difficulty rolling over its debt were also dismissed by the company which said it had not even issued a prospectus yet.
Mr Janakaraj said the project was advancing on many fronts with milestones achieved every day.
Read more at The Courier Mail.