Adani freezes investment in Carmichael mine until world coal price recovers

Briefings spark speculation company might abandon plans for mine altogether amid move into solar projects worth US$16bn

Adani has frozen its investment in Australia's largest proposed coalmine until world coal prices show a clear recovery, its executives have indicated in stock analyst briefings in India.

The briefings even gave rise to speculation that Adani Enterprises, which has previously flagged spending $4.1bn on the Carmichael mine in north Queensland, might abandon its plans for the mine altogether amid a huge move by the company into solar energy.