The Australian state of Queensland on Friday approved Adani Enterprise's management plan for an endangered bird at the site for a controversial coal mine, leaving only one more permit before construction can start on the project.

Adani has been working for a decade to obtain approvals to develop the Carmichael mine in the remote Galilee Basin, but the process has been slow as the project has become a touchstone for concerns about climate change.

"The Department of Environment and Science (DES) approved Adani's black-throated finch management plan," the Queensland regulator said.

"DES has met regularly with Adani to ensure that the plan is robust and is well-placed to deliver the best outcomes for the protection of the black-throated finch."

Adani said it had received notice that its plan had been approved.

The approval leaves just one permit outstanding, which relates to the management of a sensitive groundwater source. That is expected to be issued by June 13.

Adani has faced difficulties obtaining finance for the mine and accompanying rail project as climate change concerns have discouraged lenders from backing new thermal coal developments while falling prices have also raised doubts about the mine's economics.

But voters worried about jobs in the downtrodden region returned the ruling Liberal-National coalition to power in an Australian election this month, renewing momentum for the project.

A local conservation group condemned Friday's approval, saying in a statement that "Australians should be alarmed by this decision".

The Australian state of Queensland on Friday approved Adani Enterprise's management plan for an endangered bird at the site for a controversial coal mine, leaving only one more permit before construction can start on the project.

The Australian state of Queensland on Friday approved Adani Enterprise's management plan for an endangered bird at the site for a controversial coal mine, leaving only one more permit before construction can start on the project. Adani has been working for a decade to obtain approvals to develop the Carmichael mine in the remote Galilee Basin, but the process has been slow as the project has become a touchstone for concerns about climate change. "The Department of Environment and Science (DES) approved Adani's black-throated finch management plan," the Queensland regulator said. "DES has met regularly with Adani to ensure that the plan is robust and is well-placed to deliver the best outcomes for the protection of the black-throated finch." Adani said it had received notice that its plan had been approved. The approval leaves just one permit outstanding, which relates to the management of a sensitive groundwater source. That is expected to be issued by June 13. Adani has faced difficulties obtaining finance for the mine and accompanying rail project as climate change concerns have discouraged lenders from backing new thermal coal developments while falling prices have also raised doubts about the mine's economics. But voters worried about jobs in the downtrodden region returned the ruling Liberal-National coalition to power in an Australian election this month, renewing momentum for the project. A local conservation group condemned Friday's approval, saying in a statement that "Australians should be alarmed by this decision".

Adani wins one of last two permits it needs for Australia coal mine

Shares of Adani Enterprises today surged 7.5 per cent after the Adani Group gave the final investment approval for its Carmichael coal mine project in Australia.

The stock zoomed 7.18 per cent to Rs 126.10 on BSE.

At NSE, shares of the company soared 7.48 per cent to Rs 126.30.

&quot;I am proud to announce the project has Final Investment Decision (FID) approval which marks the official start of one of the largest single infrastructure-- and job creating -- developments in Australia&#39;s recent history,&quot; Adani Group Chairman Gautam Adani said.

This is a historic day for Adani, a historic day for regional Queensland, and a historic day for Indian investment in Australia, he said.

The announcement comes just days after the Adani Group agreed to pay royalties on coal produced from its project after it struck an agreement with the Queensland government to help the controversy-hit project move forward.

Adani said the Carmichael projects will generate 10,000 direct and indirect jobs, with pre-construction works starting in September quarter of 2017.&nbsp;

(PTI)&nbsp;

The stock zoomed 7.18 per cent to Rs 126.10 on BSE

Shares of Adani Enterprises today surged 7.5 per cent after the Adani Group gave the final investment approval for its Carmichael coal mine project in Australia. The stock zoomed 7.18 per cent to Rs 126.10 on BSE. At NSE, shares of the company soared 7.48 per cent to Rs 126.30. "I am proud to announce the project has Final Investment Decision (FID) approval which marks the official start of one of the largest single infrastructure-- and job creating -- developments in Australia's recent history," Adani Group Chairman Gautam Adani said. This is a historic day for Adani, a historic day for regional Queensland, and a historic day for Indian investment in Australia, he said. The announcement comes just days after the Adani Group agreed to pay royalties on coal produced from its project after it struck an agreement with the Queensland government to help the controversy-hit project move forward. Adani said the Carmichael projects will generate 10,000 direct and indirect jobs, with pre-construction works starting in September quarter of 2017. (PTI)

Adani approves investment in Australian coal mine, shares up 7.5%

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Adani wins one of last two permits it needs for Australia coal mine

Adani approves investment in Australian coal mine, shares up 7.5%