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By EquityPandit

Adani Enterprises provides final approval for $4 billion Australia coalmine

June 6, 2017

Adani Enterprises has provided the final investment approval for the Carmichael mine and rail projects in Queensland.

Gautam Adani, Adani Chairman has said in a statement that “The project has Final Investment Decision approval, which marks the official start of one of the largest single infrastructure and job-creating developments in Australia’s recent history.”

As per the company, the project, at an initial cost of $4 billion, would pay billions of dollars in royalties and taxes, create jobs and export coal to India help bring electricity to rural regions.

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