New Delhi: Another set of potential financiers have closed their doors on the Adani Group’s proposed controversial Carmichael coal mine project in Australia after representatives of the Wangan and Jagalingou (W&J) people – who are traditional owners of the land on which the mine is proposed to be built – wrote to banks in South Korea to express their reservations about the mine.

Three top infrastructure project lenders in South Korea have responded to the W&J representatives’ email and clarified that they have ruled out the possibility of providing financial assistance to the Adani Group for the project. The Korea Development Bank, the Export-Import Bank of Korea and the KDB Infrastructure Investment Asset Management Company have all confirmed that they will not be funding the $2 billion project.

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