Adani: Second major Korean brokerage withdraws financial backing for miner’s coal projects

Exclusive: Hanwha follows Samsung in vowing to cease support, saying it had ‘no knowledge’ of environmental issues related to Carmichael mine

A second major Korean backer of Adani’s Australian coal operation has said it won’t provide any more financial support for the controversial miner, which faces potential debt difficulties related to its Abbot Point export terminal.

Guardian Australia has seen a letter from Korean brokerage firm Hanwha Securities – sent to the climate group Tipping Point on 30 July – which stated the firm would cease financing Adani’s coal projects.

Related: Adani mine: fourth major insurer declines to renew policies with coal project

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