Australia Bank exits Carmichael project
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COAL & MINING

Australia Bank exits Carmichael project

01 Sep 2015 CW Team
Adani Group´s financial advisor for its ambitious $7 bn Carmichael mine project, Commonwealth Bank of Australia, has exited after a federal court revoked environmental clearance. At a time when Adani Mining is struggling to raise funds with lenders being wary of the project´s financial viability and local protests against it, this comes as a big setback.

Adani Group´s financial advisor for its ambitious $7 bn Carmichael mine project, Commonwealth Bank of Australia, has exited after a federal court revoked environmental clearance. At a time when Adani Mining is struggling to raise funds with lenders being wary of the project´s financial viability and local protests against it, this comes as a big setback.

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