Mining projects financing to boost as Great Barrier Reef recovers

09 Aug 2022 CW Team

With about two-thirds of the Great Barrier Reef in Australia seeing a recovery, recording the highest amount of coral cover in nearly four decades, bank financing for mining projects like Adani Australia and Tata is reportedly expected to revive. Foreign banks earlier had been hesitant to lend to the coal mining projects due to the potential damage to the Great Barrier Reef, a UNESCO-protected area. The site has previously suffered from widespread and severe bleaching because of rising ocean temperatures, reasons that environmentalists had cited to lobby against the coal mining projects in Australia, following which, foreign banks had stopped financing these projects.

Tata Power will import coal worth Rs 140 billion from Indonesian mines this year and owns a 30% stake in the coal mine. Adani Australia has started exporting coal from its Carmichael mine this year onwards.

Also read:

India Cements fully acquires Springway Mining

10 CIL projects get green nod for expansion

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..