It has been made clear that Industrial and Commercial Bank of China Limited (ICBC) and China ConstructionBank Corp. will not finance Carmichael project driven by Adani Group, India in the State of QLD, Australia.Carmichael project aims to exploit multiple unexplored mining areas in the Galilee Basin in the State of QLD, andexport thermal coals produced at these mining areas to India, etc. from the port of Abbot Point. Adani Mining Pty Ltd.under Adani Group has a 100% interest in this project.
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