Australia hints at help to Adani mine

Green concerns and a global coal glut cloud Adani's project to build world largest coal mine

Australia’s government has indicated strong backing for a loan of almost 1 billion Australian dollars for Indian conglomerate Adani Group to build the world’s largest coal mine, despite projections of a global glut of the commodity and environmental concerns.

Deputy Prime Minister Barnaby Joyce said a A$900 million (US$675 million) concessional loan from a development fund is “a great idea” that would stoke jobs and growth. Mr. Joyce—who leads the Nationals party, the junior partner in the ruling conservative coalition government—said that outweighs concerns about the proximity of the mine to the Great Barrier Reef.

“We want to get this show up