Indian billionaire Gautam Adani gave the “green light” to the Carmichael mine and rail project, according to the Guardian, but it will still hinge on its Australian arm, Adani Mining, and its ability to fund the project. “The final investment decision marked the official start of one of the largest single infrastructure — and job-creating — developments in Australia’s recent history,” Adani said. The company, however, has not secured its bid for a A$900 million loan from the federal government for a railway that would provide service to it and other miners in Queensland’s Galilee Basin.
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