Markets

Supporters of the Adani Carmichael coalmine say it will spark a mini economic boom — but property investors are being warned to stay away

Despite its supporters praising it as the cause of an economic boom, property investors have been warned to avoid the high-risk Adani Carmichael project and surrounding areas. While mining boom investments are always speculative, uncertainty about the economic benefits the coalmine will actually deliver means it’s particularly risky, analyst RiskWise […]
Supporters of the Adani Carmichael coalmine say it will spark a mini economic boom — but property investors are being warned to stay away
News

Australia’s most controversial mine has just been approved again

Queensland’s Carmichael coal mine was given a new lease of life today after environment minister Greg Hunt once again approved the controversial $16 billion project. In August, the project was halted after the Federal Court overturned approval, ruling that Hunt had failed to properly consider advice about two threatened species […]
Australia’s most controversial mine has just been approved again