Investment banks and analysts such as Macquarie, who have been - TopicsExpress

Investment banks and analysts such as Macquarie, who have been close to companies pursuing coal projects in the Galilee Basin have described the chances of the Galilee being opened up to coal mining as “increasingly remote”. Even if it does proceed, the Bureau of Resources and Energy Economics lists the cost of the Carmichael mine and rail project at $7.1 billion – hardly the sort of financial burden that would help Adani’s debt/equity ratio. READ ON-

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