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COAL

Another letdown for Carmichael

ANOTHER bank has pulled out as financial adviser on Adani’s Carmichael coal project, placing the mammoth mine, rail and port venture in further doubt.

Marion Lopez
UK-based international bank Standard Chartered has pulled out of the Carmichael project due to approval delays.

UK-based international bank Standard Chartered has pulled out of the Carmichael project due to approval delays.

UK-based international bank Standard Chartered on Monday said it decided to withdraw from the project based on a review and the delays experienced by Adani in receiving government approvals. The British...

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