"I welcome today's announcement because it demonstrates the priority the government has placed from the outset on ensuring economic development proceeds", said Adani Group.
An Adani spokesman says a decision on whether to build the $7 billion Carmichael mine would be based on the project's costs and not the poll result.
The firm also won a commitment from state govt to take short-term, minority stakes in rail, port infrastructure needed to unlock massive coal reserves in Galilee Basin.
Adani said in October it planned to start construction work in early 2015, aiming for first production from a 60-million-tonnes-a-year mine in 2017.
Adani spokesman Andrew Porter confirmed the company has hired Morgan Stanley to help it on a potential partial sale of Abbot Point, a 50 million tonnes-a-year coal terminal on the east coast of Au...
The deal comes amid opposition from green groups and a slump in coal prices to five-year lows.
The environmental conditions imposed on Adani's project were largely to address concerns raised by landowners worried that coal projects in the area will affect groundwater supply from the Great A...
Bondi Beach Mass Shooting Explained: How Did It Happen Despite Australia’s Strict Gun Laws?
National Herald Case Explained: Court Relief For Gandhis, ED Pushes Back In High-Stakes Probe
Oneweb 2027 Plans: New Tech, New Features
Vinit Bolinjkar's 2026 Market Strategy: Be Selective And Valuation-Driven
Accenture Results Spark Fresh Buzz In IT, Early Turn Or Just A Bounce?
