Adani Gets Approval for Largest Coal Mine in Australia

The Guardian reported today that Adani Enterprises (NSE:ADANIENT) has been given approval for its Carmichael mine. The $16.5 billion project will be the largest coal mine in Australia, according to the Guardian.

As quoted in the publication:

Hunt has imposed 36 conditions, primarily aimed at protecting groundwater, on the Carmichael coal mine and rail project, which will dig up and transport about 60m tonnes of coal a year for export. The huge Carmichael project, overseen by the Indian mining company Adani, will consist of a network of open cut and underground mines in the Galilee Basin region of central Queensland. This area is about seven times the size of Sydney harbour and will be the largest coal mine in Australia and possibly the world.

Click here to read the full Guardian article.