The likelihood of Adani’s Carmichael mega coal mine project going ahead has shrunk some more.
Following this week’s confirmation by the Turnbull Government that the Adani Carmichael mine will not receive NAIF funding for the rail line, Australia’s largest rail freight company, Aurizon, says it will withdraw its application for a federal government loan to build the rail corridor. From The ABC:
Aurizon’s announcement to withdraw for a loan application from the Northern Australia Infrastructure Facility (NAIF) is another sign that Adani’s Carmichael coal mine remains stuck on the drawing board…
In a statement issued this morning, Aurizon CEO Andrew Harding said the company was unlikely to secure enough customer contracts to go ahead.
“Our NAIF application is, in part, predicated on having customer contracts secured,” he said.
“Given this is unlikely to occur in the near future we believe it is prudent to withdraw the NAIF application”…