Australia’s Queensland state cleared Adani group’s plan to build a coal mine worth $ 7-billion in the Galilee basin. It also announced a major investment in rail infrastructure to support this coal mine project.
Adani group’s long time key financiers to its diversified projects in India and abroad; (SBI) the State Bank of India signed an MoU with the Adani group to fund the development of the Carmichael Mine, which is expected to start providing coal from year 2017.
Almost 28000 jobs will be created by three mega-projects proposed in the Galilee Basin– Adani’s 16.5 billion dollars Carmichael mine, GVK’s six billion dollars Alpha mine and Clive Palmer’s 6.4 billion dollars Waratah coal.
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