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E-mail ID will not be published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

  • The world is moving away from fast food like never before

    Despite spending $1.8 billion every year on worldwide advertising and promotion, McDonald’s sales are plummeting.

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

Urs Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture