Australia approves Carmichael coal mine project of Adani Group
Australian Government has given its approval for Adani Group’s Carmichael coal mine and rail project in accordance with environment laws of country.
The approval has been granted subject to 36 of the strictest conditions in Australian history.
Earlier in August 2015 Australian court had temporarily blocked the project because of environmental concerns.
Carmichael coal mine which is one of the world’s biggest coal mines is to be built by Adani Mining Pty Ltd, a wholly-owned subsidiary of the Adani Group.
The project was first proposed in 2010 and is an open-cut underground coal mine located approximately 300km inland in remote central Queensland area in Australia.
The Carmichael project and 189 km rail line is worth 16 billion Australian dollars with a yield of 60 million tonnes per annum for export mostly to India.
Categories: Business & Economy Current Affairs 2017