Adani Group said that the new tax proposed by the Australian
government on profits from coal and iron ore mining will not have any
“significant” impact on its coal business.
“We would like to put in record that the decision will not have any
significant impact on our coal mining business for several years after the
start of production,” Adani Group said in a statement.
Adani Enterprises, the flagship company of the Adani Group, has recently begun
coal mining exploration programme at the Galilee Basin in Queensland and would
begin coal exports in next three years.
The group has coal mines in Australia's Queensland province
and a port at Abbot, which it had bought two years ago for nearly $ two
billion.
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