The Australian Government has re-issued the environmental clearance for Adani Enterprises’ A$10 billion ($7.34 billion) coal mining project in Australia’s inland Galilee Basin. The approval, given by the Australia’s environment minister Mr. Greg Hunt, came after resolving concerns about two rare outback species. Mr. Hunt confirmed that the environmental permit mandates Adani Enterprises to improve habitat of the endangered finch, protect groundwater and offer A$1 million for the conservation research.
The permit removes only one hurdle in the Adani’s project as the company is yet to receive approval from the government for a mining lease and permission to dredge for a port. Moreover, Adani has failed to gather funding for the project as the international banks have refused funds for the project. Standard Chartered and Commonwealth Bank of Australia have quit the project in August 2015.