Adani gives 'green light' to $16bn Carmichael coal mine

Queensland premier Annastacia Palaszczuk and Adani officially announce the company's intention to invest in the proposed Galilee basin mega-mine

Indian billionaire Gautam Adani has given the "green light" to the Carmichael mine and rail project, but it will still hinge on its Australian arm, Adani Mining, gaining bank backing for the contentious venture.

Adani's top executive in Australia, Jeyakumar Janakaraj, took a dig at "activists who sit in creature comfort and criticise us" while trumpeting the decision to invest in Australia's largest proposed coalmine.