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Construction : Project Update | September 2015 | Source : CW-India

Australia Bank exits Carmichael project

Adani Group´s financial advisor for its ambitious $7 bn Carmichael mine project, Commonwealth Bank of Australia, has exited after a federal court revoked environmental clearance. At a time when Adani Mining is struggling to raise funds with lenders being wary of the project´s financial viability and local protests against it, this comes as a big setback.
 
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