Over floodwaters released from Adani's Queensland coal port after Cyclone Debbie
The project would help create 16,000 jobs, a minister said
Aurizon says its proposal would only require a new 180-km railway to connect with Newlands line
Company confirmed this on its Facebook page
Moody's Investors Service has todayaffirmed Adani Abbot Point Terminal Pty Ltd's (AAPT) Ba2 senior secured andsenior secured bank credit facility ratings. The outlook remains negative, saidthe agency.AAPT is part of an obligor group that haseconomic ownership of the Abbot Point Coal Terminal in North Queensland under a99-year lease with state-owned lessor, the North Queensland Bulk PortAuthority. Adani Ports and Special Economic Zone Limited (Baa3 negative) is theultimate holding company of the AAPT obligor group.Moody's said the Ba2 ratings reflect AAPT'sindirect exposure to coal commodity risk, although such risk has reduced overthe past several months, with mining counterparties experiencing better cashmargins, owing mainly to more favourable coal prices compared to a year ago."The negative outlook primarilyreflects the challenging nature of the debt refinancing task facing the companyover the next 12 to 18 months, with around AUD977 million of debt -representing around 70% of ...
Company denies any plan to shelve project, apprehensive investors back on table
Adani's efforts to build one of the world's largest coal mine project in Australia's Queensland state has been hampered time and again since its launch six years ago
The Carmichael mine has faced years of legal delays and rollercoaster coal prices, amid strident opposition from environmentalists
Its efforts to build one of the world's largest coal mine project in Australia has been hampered time and again
The project is now in its seventh year of the environmental approval process
Adani's project has been hampered time and again since its launch six years ago
As per the Environment Clearance guidelines, the firm was supposed to commission the power plant by April 2015
Conservation group Coast and Country argued that the state government's approval to the Indian mining giant's project was not made lawfully and should be overturned.
Adani Group chairman says Congress also used GMR aircraft on a commercial basis
Jayant Parimal is the chief executive officer of Adani Green Energy Ltd's
Adani said that he was already scouting alternatives to feed his power stations in India
State has set June 30, 2016 deadline for submitting bids for selection of developer for green-field Bhavanapadu Port project in Srikakulam district
Power company leads with loans of Rs 49,129 cr; ports owe Rs 19,000 cr; Australian mining project could suffer, say analysts
Owners of Queensland's Galilee Basin challenge leases granted to Adani for the $21-bn project
The company's controversy-hit 21.7 billion dollars coal mine project in Queensland recently won three mining leases