Adani abandons March deadline to secure funding for Carmichael coalmine

Multinational says deadline was predicated on a subsidised Australian government loanAdani's plan to build Australia's largest coalmine has suffered another setback. The company has abandoned its March deadline for securing financing for the first stage of the Carmichael mine.In October, Jeyakumar Janakaraj, the chief executive of Adani Australia, told Reuters it aimed to settle financing for the project by March 2018. Continue reading...