10/15/2015

Australia clears way for Adani's $7 billion coal and rail project

The Australian government reissued an environmental permit for construction of one of the world's biggest coal mines to India's Adani Enterprises , after clearing concerns about two rare outback species. The decision by Environment Minister Greg Hunt removes one hurdle for Adani to proceed with the stalled A$10 billion ($7 billion) project in the undeveloped Galilee Basin that could generate billions of dollars in export revenue for Australia.