Adani drops contractor for Australian coal mine

in #new • 7 years ago

MELBOURNE: India's Adani said on Monday it had canceled plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion ($13 billion) project.

The move marks the latest blow to the long-delayed Carmichael mine, which has yet to line up financing as a growing list of Australian and international banks, including three Chinese state lenders, have said they would not back the project.
The companies never got to the stage of signing actual contracts, and Downer never included the A$2 billion in its pipeline of "work in hand". However its shares fell 1.6 per cent in early trade on Monday in a broader market that was up 0.4 per cent.

7 years ago in #new by
$0.00
    2 votes
    Reply 4
    Sort:  
  • Trending
    • [-]
     7 years ago 

    Thanks for your good posts, I followed you! +upvote

    $0.00
      Reply
      [-]
       6 years ago 

      Congratulations @yuvarajvenkatesh! You received a personal award!

      1 Year on Steemit

      Click here to view your Board of Honor

      Support SteemitBoard's project! Vote for its witness and get one more award!

      $0.00
        Reply
        [-]
         5 years ago 

        Congratulations @yuvarajvenkatesh! You received a personal award!

        Happy Birthday! - You are on the Steem blockchain for 2 years!

        You can view your badges on your Steem Board and compare to others on the Steem Ranking

        Vote for @Steemitboard as a witness to get one more award and increased upvotes!
        $0.00
          Reply
          [-]
           7 years ago 

          Get your post resteemed over 90000+ followers and get upto $19+ value Upvote. Your post will skyrocket and give you maximum exposer.

          Send 1 SBD or Steem with your post url you will get your post share over 30000+ followers and 1 upvote $1.5+ value.

          Send 2 SBD or Steem with your post url you will get your post share over 30000+ followers and 1 upvote $3+ value.

          Send 3 SBD or Steem with your post url you will get your post share over 60000+ followers and 1 upvote $5+ value.

          Send 5 SBD or Steem with your post url you will get your post share over 90000+ followers and 1 upvote $9+ value.

          See our all pakages at:

          http://www.whaleboostup.ml

          Coin Marketplace

          STEEM 0.17
          TRX 0.16
          JST 0.029
          BTC 76307.65
          ETH 2926.29
          USDT 1.00
          SBD 2.64