SUBSCRIBERS
Adani to start work on mine near Great Barrier Reef
Published Tue, Jun 6, 2017 · 09:50 PM
Sydney
INDIAN mining giant Adani on Tuesday said that it will start work on a huge US$16 billion coal project that environmentalists warn will damage Australia's Great Barrier Reef.
Chairman Gautam Adani said in Townsville that the board had made its "final investment decision" which marked the "official start" of the Carmichael coal mine - destined to be one of the world's largest.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Shell maintains pace of buybacks as profit beats estimates
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion