Adani Continues to Suspend Contractors at Carmichael

India’s Adani (NSE:ADANIENT) has ordered two contracting firms to stop working at its Charmichael project in Queensland, Australia, Mining Weekly reported.
As quoted in the publication:

According to the SMH, Parsons Brinckerhoff and Posco have been ordered to stop work on the Carmichael project.
Sources told the SMH senior Adani executives flew to India for discussions around the project’s future.
The news throws more doubt on whether the mine will go ahead, after reports emerged in late June that Adani stopped engineering work on the project by WorleyParsons,Aecon, Aurecon and SMEC .
The engineering firms were conducting preparatory work at the mine, as well as at the project’s rail line and the Abbott Point coal terminal.

Click here to read the full Mining Weekly article.