Work on Australian coal project to start next year: Adani

Tags: Adani, Coal, Industry
Adani Enterprises expects the work on its AUD 16.5 billion ($15.5 billion) coal and rail project in Queensland to kick off next year, and plans to start coal exports to India from 2017.

The company is waiting for the final environmental approval from Australia's federal government.

Last week, Mumbai-listed Adani Enterprises won Queensland government's approval for Carmichael Coal Mine and Rail project north west of Clermont, based in the Galilee Basin in the central region of the state.

"We are expecting to start the work next year, and coal exports to India would begin in 2017," Adani Australia CEO Jeyakumar Janakaraj told PTI.

The project will produce up to 60 million tonnes of coal each year and include a 189-km rail line.

Janakaraj said the project is very important considering India's need for coal, and also for strengthening the relations between the two nations.

The project is expected to create around 6,000 jobs in the state.

Apart from the federal government's approval, the company will have to obtain a mining lease, water licence and go-ahead from the environmental authority.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture