GVK group acquired a stake in Hancock coal mines for $1.26 bn, whereas the Adani group had acquired the Galilee Basin mines

The process to grant environment clearance to Indian companies that have bought mining assests in Australia is on, Energy Minister Martin Ferguson has said. GVK group had acquired a stake in Hancock coal mines for $1.26 billion, whereas the Adani group had acquired the Galilee Basin mines in Queensland and has commenced mining exploration programme.