Millennium Post

Australian govt approves GVK coal terminal at port

Australian government on Wednesday approved with strict conditions a coal terminal at a port by India's GVK group that forms part of the USD 10 billion Alpha Coal project in central Queensland.

With this, all the three components of the project – mining, rail and port – have received clearance.

The approval was given but subject to strict conditions, environment minister Tony Burke said in an official statement.

He said the approval for the second stage of the Alpha Coal project had been granted subject to 60 strict conditions to protect matters of national environmental significance, including the Great Barrier Reef World Heritage Area and the marine area.

Last year, GVK had acquired 79 per cent stake in Alpha Coal and Alpha West projects, and a 100 per cent stake in the Kevin's Corner project in Queensland from Hancock Prospecting Pty Ltd.

The project includes Alpha Coal Mine and a railway line between the mine and the port at Abbot Point, near Bowen.

GVK vice-chairman G V Sanjay Reddy said in a statement the company is the only coal developer in Australia to possess environmental approvals at a state and federal level that integrate the mine, rail and port.
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