COAL
India’s Adani Group could walk away from its $16.5-billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan.
The Queensland government’s failure to agree the terms of the royalty regime for the mine may jeopardiSe the development in the state’s Galilee basin, Canavan said in a phone interview on Wednesday.
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