Investment bank Rothschild has been appointed by Adani to sell a stake in its Port of Abbot Point port operations in Australia's Queensland.
The Queensland Supreme Court has rejected moves to put a stop to the controversial expansion of the Abbot Point coal terminal by the Adani company.
Mining company Glencore is to sell the shares in its subsidiary Abbot Point BulkCoal Pty Ltd (APB) to the Adani Group.
Lase has equipped two more reclaimers with a 3D laser measurement system at Adani ports in Mundra, India.
The weak global coal market has seen ratings agency Moody's Investor Service downgrade Adani Abbot Point Terminal's outlook to negative, and its senior secured bank credit facility rating drop to Ba2 from Baa3.
Coal price volatility has sent waves of concern through the world’s coal ports. Dave and Iain MacIntyre report
Plans to build coal terminals at Dudgeon Point near Mackay in central Queensland have been put on hold due to a lack of demand.
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, is working to strengthen its position on the country's East coast with a new container terminal at Ennore Port.
Kandla Port board trustees could reject Adani Ports and Special Economic Zone Ltd’s (APSEZ) initial bid for the development of a new container loading facility, local media suggests.
Adani Kandla Bulk Terminal Pvt. Ltd, a subsidiary of India’s largest private port operator, Adani Ports and Special Economic Zone (APSEZ), has signed a concession agreement with the Kandla Port Trust to set up a new dry bulk terminal at Kandla.
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