The Adani board has given the nod to the $16.5 billion Carmichael projects which would generate 10,000 direct and indirect jobs, with pre-construction works starting in the September quarter of 2017.

Yet there are some cautionary voices:

• The AFR has an article pointing out that they still have to find $3 billion for the $6.7 billion first stage of the mine, the rail and port project.
• Peter Hannan in the SMH says Adani’s ‘green light’ on Carmichael coal mine more mirage than reality.
• John Quiggin has a new post What is Adani thinking?

Continue reading Adani – a mirage that will dissolve into mist? →