Adani ends Australia’s largest coal project at record speed
5 Dec 2012 4:45 AM IST
The Adani Group, the global integrated infrastructure player, on Monday announced the completion of the single largest and most comprehensive coal mining exploration programme undertaken in Australia. It had deployed a record number of drill rigs to reduce the exploration time frame at the Carmichael mine in the Galillee basin of Queensland to nine months.
As part of the mining exploration, Adani had also completed the most comprehensive geo-technical field investigation to define the coal resource at the Carmichael mines, which at 10 billion tonnes (bt) makes this the largest single coal tenement in the world.
The Adani Group's $10 billion Carmichael mine project will include the construction of a world class mine, rail and port infrastructure, all of which will benefiting Queensland. 'Our partnership with Australia and Queensland has been one of exceptional trust, transparency and understanding. Having seen the speed and with the support received to undertake and complete the largest and most ambitious mining exploration programme in record time, I am now certain that Queensland has been the right choice,' said Adani Group Chairman Gautam Adani.
‘Australian industry and Indian corporates like the Adani Group have distinctive synergies, which will prove to be of mutual benefit to all in the long run. The Adani Group is commited to setting up world-class infrastructure like mines, railway sand ports in Australia,' he said.
Australian Resources & Energy Minister Martin Ferguson and Queensland Premier Campbell Newman, who led a trade team to India to meet government officials and business leaders, were optimistic about trade and business prospects with India Inc.
As part of the mining exploration, Adani had also completed the most comprehensive geo-technical field investigation to define the coal resource at the Carmichael mines, which at 10 billion tonnes (bt) makes this the largest single coal tenement in the world.
The Adani Group's $10 billion Carmichael mine project will include the construction of a world class mine, rail and port infrastructure, all of which will benefiting Queensland. 'Our partnership with Australia and Queensland has been one of exceptional trust, transparency and understanding. Having seen the speed and with the support received to undertake and complete the largest and most ambitious mining exploration programme in record time, I am now certain that Queensland has been the right choice,' said Adani Group Chairman Gautam Adani.
‘Australian industry and Indian corporates like the Adani Group have distinctive synergies, which will prove to be of mutual benefit to all in the long run. The Adani Group is commited to setting up world-class infrastructure like mines, railway sand ports in Australia,' he said.
Australian Resources & Energy Minister Martin Ferguson and Queensland Premier Campbell Newman, who led a trade team to India to meet government officials and business leaders, were optimistic about trade and business prospects with India Inc.
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