Adani Cancels $1.5 Billion Contract on Australian Mine Project

first_img FacebookTwitterLinkedInEmailPrint分享Financial Times:Adani Group has cancelled a A$2bn (US$1.5bn) contract with a mining services company for work on its proposed Carmichael coal mine in Australia due to its failure to raise funds for the controversial project.The cancellation of the contract with Downer, an Australian company, on Monday is the latest challenge to hit the Indian conglomerate’s project, which has become a focal point for protesters over the role played by coal in causing climate change.It also follows a decision last week by the Queensland state government to veto a A$900m low-cost loan to Adani and the failure of Chinese investors to back the Carmichael mine.Adani said it remained committed to the A$16.5bn Carmichael project but planned to develop and run the mine on an owner-operator basis to achieve the “lowest quartile cost of production”.The Carmichael project has become a symbol of the global battle between environmentalists and the fossil fuel industry, attracting a series of legal challenges that have caused lengthy delays. The proposed mine sits in Queensland’s Galilee Basin, one of the world’s largest untapped coal resources.Adani’s board gave final approval for the mine in June. But raising money for the venture has so far proved an insurmountable challenge due to the decline in global coal markets and a vocal protest movement led by international environmental groups such as and Greenpeace.The project has become a litmus test on the future of coal, amid growing investor fears about whether increasingly onerous regulations on the emissions will create stranded assets.On Monday the world’s biggest coal terminal, Port of Newcastle, warned it needed to diversify and prepare for a future without coal.“It looks like another wheel has fallen off the Adani project,” said Tim Buckley, a director at the Institute for Energy Economics and Financial Analysis, an opponent of the Adani project. “With all of the Chinese banks ruling out involvement in the Carmichael proposal, deal funding has fallen over.”More: Adani cancels A$2bn Australia coal mine contract amid cash crunch Adani Cancels $1.5 Billion Contract on Australian Mine Projectlast_img read more

Julio Urías exercises impressive restraint, while Dodgers attempt to restrain his usage

first_img Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco How Dodgers pitcher Ross Stripling topped the baseball podcast empire SCOTTSDALE – A decade ago, Dodgers catcher Russell Martin was catching a rookie left-hander named Clayton Kershaw. Sunday he caught another young left-hander, Julio Urías, who is effectively restarting his young career at age 22.It was the first time Martin has caught Urías in a game. It was also spring training, a mere exhibition. Yet of all the superlatives Martin heaped on Urías, this one might have resonated the most: “a combination of talent and a guy who’s never going to get scared.”In a three-inning stint against the Colorado Rockies, Urías again flashed the latent potential dangling from his surgically repaired left shoulder. He threw 21 of his 34 pitches for strikes, demonstrating consistent control over his fastball, curveball and changeup. Besides Nolan Arenado, who reached on a walk and was erased on a double play, Urías didn’t allow a baserunner. He faced the minimum nine hitters, all major leaguers.“I always focus on working on the fastball, making sure I place the fastball where I need to put it, and have the other pitches work off that,” Urías said through an interpreter.Related Articles Urías is on an unconventional starter’s plan this spring. He’s slated to pitch three innings again in his next outing. More than two weeks remain before Opening Day, but Urías is scheduled to top out at four or five innings in camp, Manager Dave Roberts said.The restricted workload is a byproduct of caution. Urías threw a career-high 127 ⅔ innings in 2016. The following season, he was injured throwing a pitch in a Triple-A game. He had surgery on the anterior capsule of his left shoulder in June 2017 and did not pitch in a competitive setting for another 13 months.But Urías was healthy in time for the Dodgers’ last postseason run. He made seven appearances out of their bullpen last October, allowing only four hits and two runs across 6 ⅓ innings. A “normal” off-season followed, Urías said.“I left the surgery behind,” he said.If Urías is to help the Dodgers more than an inning at a time this October, he cannot begin the season in their starting rotation. His innings limit won’t allow it. How he’ll be used over the next six months remains to be seen. Cody Bellinger homer gives Dodgers their first walkoff win of season As he demonstrated Sunday, Urías remains a tantalizing weapon.The radar gun at Salt River Fields clocked Urías at 93-96 mph in the first inning. By the third inning, he was touching 97. Urías wasn’t pacing himself. Rather, he said, “once you feel good with the release point, that’s when you give more thought about putting more on the ball.”For Urías, a mid-90s fastball constitutes restraint.“It’s certainly fun and it feels good when he’s out there,” Roberts said. “He’s done everything he can possibly do to put him in this position. For him to put up zeros and execute pitches, that’s great for his development and his confidence. Where that takes him remains to be seen.”MORE CUTSThe Dodgers announced their second round of roster cuts Sunday.Pitchers Yadier Alvarez, Josh Sborz and Donnie Hart were optioned to minor league camp, along with catcher Rocky Gale and infielder/outfielder Matt Beaty. Pitcher Mitchell White, infielders Jake Peter, Omar Estevez and Gavin Lux, and outfielders D.J. Peters and Cameron Perkins were reassigned to minor league camp.Hart did not appear in a Cactus League game and threw only one bullpen after he was claimed off waivers. The Dodgers have 45 players in camp: 23 pitchers, 17 infielders/outfielders, and five catchers.ALSOClayton Kershaw played catch again on Sunday. Roberts said the left-hander will throw a bullpen Monday. It will be the first time Kershaw has thrown off a mound since he was sidelined by a shoulder injury early in camp. … Walker Buehler will throw to hitters Tuesday or Wednesday, Roberts said. The right-hander pitched to teammates Saturday as he began his progression toward a Cactus League game. … Both pitchers are expected to be on the Dodgers’ active roster to begin the season, despite having less than three weeks to build up their pitch count to start. “Is it the conventional build-up that both those guys are used to? Probably not if you look at the calendar,” Roberts said, “but whatever decision we make, it’s the decision we feel is best for the players and our club.” … Corey Seager is expected to get at-bats in a minor league game in the coming days, Roberts said. The shortstop recently missed two days because of an illness. He hasn’t appeared in a Cactus League game, but is expected to be on the active roster for opening day. Dodgers’ Max Muncy trying to work his way out of slow start Dodgers hit seven home runs, sweep Colorado Rockies Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more