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E-mail ID will not be published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

  • Strict penalties for coal scam accused is in order

    Throughout history, India has been a resource rich, people poor country.

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

Could prohibition mean profiteering?

In the mid 1930s, an American journalist asked Bapu if ...

Rajgopal Nidamboor

Drive your faith to awaken your soul

Most of us know about Abraham Maslow’s ‘self-actualised’ individual or ...

Shona Adhikari

The man who perfected the art of stashing

The story of Cornelius Gurlitt, the son of a prominent ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture