Adani's Giant Australian Coal Mine Takes Hit as Rail Plan Axed

Rail operator Aurizon withdraws Galilee Basin rail proposal
Indian company’s owns rail funding plan opposed by government

Steam surrounds bucket wheel reclaimers as they operate at the Newcastle Coal Terminal in Newcastle, north of Sydney, Australia, on Friday, May 3, 2013. Australia's forecast mining tax revenue has been downgraded, underscoring the "grave" budget decisions facing Prime Minister Julia Gillard as the strength of the local dollar squeezes trade-exposed businesses.Photographer: Ian Waldie/Bloomberg

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By Perry Williams

February 9, 2018 at 1:09 AM UTC

This article is for subscribers only.

Adani Enterprises Ltd. can’t catch a break.

The Indian conglomerate trying to build one of the world’s largest coal mines has already had its own funding bid for a rail line stymied by the Queensland state government. Now, a funding proposal for another line that could carry its coal to the coast for export has been canned.