Adani Enterprises has reportedly postponed a final investment decision on its long-delayed Australian Carmichael coal project, as the Queensland state government has yet to sign off on a royalty agreement for the mine. Adani is advised that the Queensland cabinet did not consider any submission or make a decision on royalties for the Adani project.
The company had been planning to make a final investment decision on the 25 million tonnes a year coal mine and rail project by the end of May.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.