Adani Mining’s Carmichael mine and rail project will be 100% financed through the Adani Group’s resources, Adani Mining CEO Lucas Dow announced in Central Queensland today. The announcement was made to community leaders, mining industry contractors and suppliers at the Bowen Basin Mining Club luncheon in Mackay, regional Queensland and follows recent changes to simplify construction and reduce the initial capital requirements for the Carmichael Project.
Today’s announcement follows eight years of planning, securing approvals and successfully contesting legal challenges from anti-mining activists. “We have worked tirelessly to clear the required hurdles,” Mr Dow said. “Given we meet the same environmental standards and operate under the same regulations as other miners, we expect that Adani Mining will be treated no differently than any other Queensland mining company.