In a statement this afternoon, Adani says it is committed to the Carmichael project.
"For the past six to 12 months, Adani has maintained a level of investment, jobs and sub-contractor engagement for its mine, rail and port projects in anticipation of finalising approvals and decisions. The project budget was based, understandably, on these anticipated approvals timelines and milestones," the company said in a statement.
"As a result of changes to a range of approvals over that time, it’s necessary to synchronise our budget, project timelines and spending to meet those changes. Adani has made a commitment to build a long term future with Queensland that will deliver 10,000 jobs and $22 billion in royalties and taxes that will be reinvested back into community services.
"However, it is important to note we are now into the fifth year of development and approvals and therefore the need to finalise those approvals and timelines is critical."
Reports have emerged that Adani has stopped engineering work on its massive Carmichael mine in Queensland.
The engineering firms were conducting preparatory work at the mine, as well as at the project’s rail line and the Abbott Point coal terminal.
The paper reported that 40 engineers from WorleyParsons’ Brisbane office were among workers let go.
Speaking to The Guardian, a source close to the matter said the move could spell the end of the project.
He said the work stoppage “makes no sense” and could signal Adani “beginning to run up the white flag” on Carmichael.
The Carmichael mine has faced a range of criticism since its inception, with environmentalists and Indigenous Landholders taking Adani to court over the project.
In early June, the Indigenous traditional owners of central Queensland's Galilee Basin, the Wangan and Jagalingou Family Council, launched a Federal Court Challenge against the mine.
The W&J have rejected a Land Use Agreement with Adani and vowed to stop the mine because it threatens to permanently destroy their traditional lands and waters, and their ancestral connection to country.
While the Mackay Conservation Group (MCG) has submitted a fresh court challenge to the Federal Court in Sydney that Federal Environment minister Greg Hunt failed to take into account conservation advice for two vulnerable species: The ornamental snake and the yakka skink.