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News Brief | November 2015

Australia grants green clearance Adani mine

Australian Environment Minister Greg Hunt reissued the environmental permit for construction of one of the world´s biggest coal mines to Adani Enterprises, after clearing concerns about two rare outback species.

Hunt´s decision allows Adani to proceed with the stalled A$10 billion ($7 billion) project in the undeveloped Galilee Basin that could generate billions of dollars in export revenue for Australia. Adani shares jumped as much as 13 per cent on news of the reissued permit.

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