5:29 pm - Sunday November 8, 2015

Adani to begin coal mine development in Australia

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The Australian government in July had cleared the proposed $15 b Carmichael coal mine project of Adani Mining

Keen on expanding business, Australian Prime Minister Tony Abott on Friday said an Indian conglomerate was all set to embark on Australia’s largest ever coal development to illuminate lives of 100 million Indians.

“If all goes to plan, next year, an Indian company will begin Australia’s largest ever coal development which will light the lives of 100 million Indians for the next half century,” Mr. Abott said addressing Indian industry leaders during a luncheon meeting organised by industry chambers, including CII and FICCI. He, however, did not mention the name.

It may be noted that the Australian government in July had cleared the proposed $15 billion Carmichael coal mine project of Adani Mining in the Galilee Basin in Central Queensland.

The approval to the project was announced by Australian Environment Minister Greg Hunt, who had approved the Carmichael Coal Mine and Rail Infrastructure project subject to 36 strict conditions.

Mr. Abott said, “Top-quality Australian coal, for instance, will be available to power Indian households and businesses at the lowest price to consumers.”

Adani Group Chairman Gautam Adani was also present on the occasion.

 

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