Adani's Carmichael Mine is unbankable says Queensland Treasury

By Lisa Cox
Updated July 1 2015 - 10:08am, first published June 30 2015 - 8:22pm
Prime Minister Tony Abbott with mining magnate Gautum Adani in Delhi, India. Photo: Andrew Meares
Prime Minister Tony Abbott with mining magnate Gautum Adani in Delhi, India. Photo: Andrew Meares

Australia's largest new coal project, one hailed by Prime Minister Tony Abbott as a poverty-busting "miracle", is unbankable in the assessment of Queensland's Treasury, which also has question marks over the development's transparency.