Insurer rethinks insuring coal mine project

Posted On: Oct. 4, 2019 6:22 AM CST

U.K.-based specialty insurer Canopius Group Ltd. has distanced itself from Indian conglomerate Adani Group's Carmichael coal mine project in Australia, The Guardian reported. Canopius was one of the insurers that had held discussions with a broker about insuring the construction of Adani's proposed rail line, linking the Carmichael mine site to the Queensland freight network.