Business
Adani mine contractor says no insurer will cover its work on project, as providers flee due to risk – ABC News
Federal and state governments have been urged to step in and use public funds to insure companies building Adani’s Carmichael mine and rail link, after one of Adani’s…
Federal and state governments have been urged to step in and use public funds to insure companies building Adani’s Carmichael mine and rail link, after one of Adani’s biggest contractors revealed it couldn’t find a provider that would cover the project.
Key points:
- Many big insurers have dropped support for coal on the basis that it is too risky for the companies
- Contractor BMD says its failure to secure insurance leaves it in breach of its contract with Adani
- The company has suggested federal or state…
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