Published: November 19, 2019
Company has told shareholders rail line will be completed by May, but needs more investment from Adani family
The Adani Group company financing the Carmichael mine in north Queensland has told shareholders to expect a first coal shipment in August 2021, but the project’s rail plans will still require unspecified additional investment from “the family”.
In a conference call to discuss its financial-year earnings, executives from Adani Enterprises Limited – the ultimate parent company of the Carmichael mine – indicated the company may use “additional lines to fundraise”.
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