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Adani completes Australia coal mining exploration

Posted on Dec 03, 02:43PM | IBNS

Adani Group, a global integrated infrastructure player, on Monday announced the completion of the single largest and most comprehensive coal mining exploration programme undertaken in Australia.

The Adani Group announced that it had deployed a record number of drill rigs to drastically reduce the exploration time frame at the Carmichael mine in the Galillee basin of Queensland to nine months.

The company further said as part of the mining exploration it had also completed the most comprehensive geotechnical field investigation to define the coal resource at Carmichael Mine, which at ten billion tonnes makes this the largest single coal tenement in the world.

The Adani Group is thus, now ready to gear up with its USD 10 billion Carmichael Mine project which will include the construction of a world class mine, rail and port infrastructure all benefiting the state of Queensland.

Gautam Adani, Chairman of the Adani Group, said, "Australian industry and the Indian corporates like the Adani Group, have some distinctive synergies, which will prove to be of mutual benefit to all in the long run.

"The Adani Group stands committed to setting up world class infrastructure facilities such as a mine, railway and port in Australia."

Top government representatives of Australia, Martin Ferguson, AM MP, Minister for Resources and Energy, Australia, Campbell Newman, Premier of Queensland, also expressed their positive views about trade and business partnership with India Inc and especially the Adani Group.

Ferguson and Newman are leading a high level trade delegation to India to meet with government officials and India's business leaders across various sectors, promoting trade and investment opportunities in Australia, including Queensland.

"As India's industries continue to grow, so do the opportunities for partnerships between our regions. India has become more to Queensland than a mere trading partner. We are now trading allies," said Newman, Premier of Queensland.

The huge mining exploration programme, that employed more than 200 people both on and off site, has established reserves of up to ten billion tonnes of Joint Ore Reserves Committee's (JORC) standard Coal Resource, including 3.4 billion tonnes in indicated and measured category in the Galilee Basin Tenement.

Adani Mining has also recently sponsored a pilot apprenticeship scheme, the first of its kind in Australia, to help meet the demand for skilled workers in the country's resources sector by providing on-the-job learning opportunities to local residents.

"There has been a 50 percent jump in local employment by us. We are committed to our project in Australia, which is a joint collaboration with top Australian consultants, and is expected to create up to 5,000 jobs during construction and 4,000 jobs once we begin operations. We will train and employ locals, Queenslanders and Australians," said Adani.

Adani is also making rapid progress across in developing the logistics infrastructure for its mine.

The basic engineering for its proposed 400 km railway line connecting the Carmichael Mine to the Abbot Point port's coal terminal has been completed and it has already obtained full access from landholders for the project.

"We have recently submitted a statement to state and federal authorities about the potential environmental, social and economic impacts of its proposed mine and rail projects, including its commitment to protect the environment," said Adani.

The Adani Group has already invested USD 3 billion in cash in its integrated Australian projects and expected to invest USD 7 billion more over the next few years.

The group is operating Abbot Point coal terminal in Queensland which it had acquired in 2011 and is planning to increase its annual capacity to 120 million tonnes per year from current 50 million tonnes.

The coal from the Carmichael mine will be transported via the 400-km railway line to Abbot Point for exports to its power plants in India.