According to media reports, Adani Enterprises Ltd has stated that they would not meet the March deadline to arrange for AUD 3bn (~Rs14, 900cr) in funding for the project. In December 2017, the Queensland government had a plan to provide Adani Enterprises with AUD900mn in funding for a rail line to connect the mine which would help in bringing the mine to production by 2020. The management also stated that they are considering a stake sale in the Carmichael project, though no details were forthcoming.The delay in project funding is the latest issue with the Carmichael coal mine. The Carmichael coal mine has been facing opposition over the past few months from environmental groups as well as local residents in Australia. Earlier this year, The company had announced that they would be developing the project by themselves after cancelling a AUD2bn deal with mining contractor Downer EDI Ltd.
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