Adani says it still needs a loan for rail line if coalmine is to go ahead

Major hurdles to Carmichael mine remain despite comments by Karan Adani that the company has 'completed financing' Adani says its Carmichael coalmine remains contingent on a loan to build a rail line to the Galilee Basin - comments that analysts believe will ramp up pressure on the Australian government to further subsidise the project.Karan Adani, the son of company boss Gautam Adani, and the head of the conglomerate's ports business, told India's Economic Times the company had "completed financing on the mine" and that it had received all necessary approvals. Continue reading...