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Carmichael underway

Various site and other preparatory works have begun for Adani’s integrated coal mine, rail and port project in Queensland’s Galilee Basin. However, by early December, the Indian conglomerate had still not secured project finance.
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The multi-billion dollar project has suffered a number of recent setbacks, with China’s top three banks joining a host of other financial institutions in Australia and worldwide in rejecting Adani’s applications for funding.

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