’ BIG FOUR’ BANK RULES OUT MINE FUNDS

Townsville Bulletin - - NEWS -

ALL of the “big four” Aus­tralian banks have now ruled them­selves out of funding the $ 5 bil­lion first stage of the Adani mine in cen­tral Queens­land.

The Com­mon­wealth Bank added its name to the list but also said it hadn’t been asked.

“While in gen­eral we do not com­ment on specific clients, we can con­firm that we are not among the banks who have been, or will be, asked to con­sider this fi­nanc­ing,” the bank said.

Adani said it wel­comed the CBA clar­i­fy­ing its po­si­tion, but pointed out that it had not and did not in­tend to ap­proach that banker for project fi­nance.

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