Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Adani Enterprises Closer to Constructing Australian Coal Mine After Winning Environmental Approval

Adani wants to develop the Carmichael coal deposit in Queensland state, but has faced fierce environmental resistance that has turned the project into a political hot potato ahead of a federal election due next month.

Reuters

Updated:April 10, 2019, 9:33 AM IST
facebookTwitter Pocket whatsapp
Adani Enterprises Closer to Constructing Australian Coal Mine After Winning Environmental Approval
Adani Group chairman Gautam Adani. (Image: Reuters)

Melbourne: India's Adani Enterprises has taken a step closer to the construction of a controversial thermal coal mine in Australia after winning federal government approval for its groundwater management plan.

Adani wants to develop the Carmichael coal deposit in Queensland state, but has faced fierce environmental resistance that has turned the project into a political hot potato ahead of a federal election due next month.

Environment Minister Melissa Price said on Tuesday the project still needed nine further approvals from the Federal and Queensland state governments before mining can start.

"This decision does not comprise the final approval for this project," she said.

The groundwater management plan also requires approval from the state government, the state's environmental department told Reuters last week, which is also assessing a management plan for an endangered bird.

While the Carmichael project would create jobs and has strong support in the region, both the ruling conservative Liberal-National coalition and opposition Labor parties fear losing votes in major cities where voters are worried about climate change.

A Queensland government official told Reuters in February that Adani may have to wait up to two years for some environmental approvals.

Adani said last year it would fully fund the coal mine and rail project itself, but did not give an updated estimate of the cost of the mine, previously estimated at about A$4 billion ($2.9 billion).

Adani was not immediately available on Tuesday to comment.​

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Ahona Sengupta
Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Dr Reddys Labs 3,033.65 3.27
ICICI Bank 530.90 -1.14
Reliance 1,580.65 2.79
Bharti Airtel 500.00 5.47
Vodafone Idea 4.51 -25.21
Top Gainers
Company Price Change %Gain
Bharti Airtel 500.00 5.47
Reliance 1,580.65 2.79
Sun Pharma 454.45 1.24
HCL Tech 598.80 0.91
Maruti Suzuki 7,524.55 0.80
Top Losers
Company Price Change %Gain
IndusInd Bank 1,352.55 -2.46
SBI 318.00 -1.62
HDFC 2,453.95 -1.14
ICICI Bank 530.90 -1.14
Larsen 1,304.55 -1.10

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results