Adani scraps $2bn deal to outsource Carmichael coalmine operation

Decision to end Downer EDI agreement follows Palaszczuk government's blocking of federal loan for the Queensland project Adani has scrapped a $2bn agreement to outsource the operation of its controversial Queensland coalmine after the state government killed off a taxpayer-funded loan.The Indian miner says it will now develop and operate the Carmichael project on an owner-operator basis after reaching an agreement with contractor Downer EDI to abandon their deal, which was reportedly worth about $2bn. Continue reading...