Coal news and updates

Adani suspends contractors on biggest Australia coal project: Report

Indian mining giant Adani Group has suspended two major contractors on its 16.5 billion dollar coal and mine project in Australia, triggering fresh speculation about the company's ability to finance the country's largest coal mine, a media report said today.

"Adani has suspended two major contractors on its Queensland coal project, raising fresh speculation about the company's ability to finance Australia's largest coal mine," the Sydney Morning Herald reported.

Project managers Parsons Brinckerhoff and South Korean construction company Posco were told late last week to stop work on the Carmichael mine, rail and port project in the Galilee Basin of Queensland, the report said.

source: http://www.dnaindia.com