Ratings agency Moody’s has confirmed (paywalled) that Adani Group has had to pay back the US$500m of bonds issued by its NQXT coal port (formerly Adani Abbot Point Terminal) from its own pocket. The bonds matured on 15 December 2022. NQXT, situated in the Great...
Adani Abbot Point Terminal
Help GLAS make time to Stop Adani
10 May 2022 There are now 112 major companies that have ruled out providing any support to the climate-wrecking Adani Carmichael coal project. However, debt administration services provider GLAS is not one of them. With Adani’s Australian coal port, NQXT, currently...
Adani planning to self-fund coal port debt refinancing
22 March 2022 According to a note published on 14 March, Adani has indicated to the Moody’s ratings agency that it is failing to find an external source to refinance the US$500m of bonds maturing in December of this year, issued by its coal port North Queensland...
Will GLAS shatter its reputation on Adani’s coal port?
26 May 2022 In November 2021, after a short and sharp public backlash, the Bank of New York Mellon (BNYM) became the 104th company to cut ties with Adani’s disastrous Carmichael coal project. For many years, BNYM was playing a specialised role as the security trustee...
Will GLAS shatter its reputation on Adani’s coal port?
In November 2021, after a short and sharp public backlash, the Bank of New York Mellon (BNYM) became the 104th company to cut ties with Adani’s disastrous Carmichael coal project. For many years, BNYM was playing a specialised role as the security trustee for the debt...
Adani’s first coal train stopped in its tracks. Let’s make it permanent.
16 November 2021 A train carrying coal from Adani’s Carmichael mine is headed to Abbot Point/NQXT port so it can be exported to India and used to pollute people’s lungs a quarter of the way around the world while fueling the climate crisis. We know because it was...
Adani Mining accidentally reveals true identity in monumental PR fail
November 6 2020 Yesterday, under the cover of the US Presidential Election, Adani Mining announced via coal-friendly media outlets that it was rebranding to “Bravus Mining and Resources”. However, this quiet name change soon turned into a public relations disaster...
Adani rebrands Abbot Point coal port to Nth Qld Export Terminal
9 October 2020 Yesterday Adani formalised the rebranding of its coal port from Adani Abbot Point Terminal to North Queensland Export Terminal (NQXT). In paperwork submitted to the corporate regulator ASIC, six companies through which Adani holds and finances the port...