Article 39JS5 Adani coalmine project: China Construction Bank won't grant loan, PR firm says

Adani coalmine project: China Construction Bank won't grant loan, PR firm says

by
Michael Slezak
from on (#39JS5)

News could deal a blow to Carmichael coal project, which has so far been declined finance by 25 commercial banks

Adani Group's Carmichael coal project will not be financed by the China Construction Bank, according to a statement by a public relations firm that says it represents the bank.

If true, the news could be a blow to Adani's plans to build Australia's largest coal mine. It has turned to China for finance, following difficulties in getting subsidies from the Australian government.

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