Is this the end of the road for Adani's Australian megamine?

Australian and Chinese banks have turned it down, and analysts say Adani's failure to secure funding for the Carmichael mine leaves it high and dryAdani's operations in Australia appear to be hanging on by a thread, as activists prove effective at undermining the company's chances of getting the finance it needs.China seems to have ruled out funding for the mine, which means it's not just Adani's proposed Carmichael coalmine that is under threat, but also its existing Abbot Point coal terminal, which sits near Bowen, behind the Great Barrier Reef. Continue reading...