Debasish Mishra, a partner and head of energy practice at Deloitte Touche Tohmatsu India in Mumbai, told Bloomberg that "GVK and Adani have reached a point of no return" and it is thus "very difficult for them to exit," suggesting that perhaps they are moving forward with their projects simply because they have no choice.However, the two companies remain optimistic: undeterred by China's new coal policy, GVK believes the Alpha mine will begin producing in time to meet "Asian demand that's forecast to increase 24 percent by 2018." Adani intends to export the coal from the Carmichael mine to India.
GVK, Adani Believe Hope Remains For Australian Coal
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