Adani's short-cut operating plan avoids expected $1bn environment bond

Carmichael plan details no mining or construction, which would trigger a Queensland government demand for funds to pay for land rehabilitation

Adani has kept an operating plan for its unfunded Queensland mine to just six months, postponing an expected legal obligation to provide a billion-dollar rehabilitation bond before financial backing emerges.

The miner has provided the state government with a plan that covers only up to the end of 2017, which falls before its deadline for securing US$2.5bn in financial backing to execute the first phase of Australia's largest proposed coal project.