From Domainfax:
Indian mining and energy company Adani insists it may resume work on its massive Carmichael coal project in Queensland, despite reports suggesting indicating no further capital would be spent on the controversial mine this financial year.
Unconfirmed reports have suggested that Adani management told the investment community in India that any future investments in the Carmichael project would depend on “visibility of revival in global coal prices”.
The reports also suggested no further spending would take place before June 30.
The comments were reportedly published in a research note by merchant bank Axis Capital.
Adani’s Australian representatives would neither confirm nor deny whether an Adani executive had made the comments.
I’ll take that as a “yes”.
