- State Editions ˅
- Cover Story
- A YEAR OF FEATS
- 150th Anniversary Issue
- Middle India
- Literary Issue Special
- Cinema Issue Special
- Women's Special Issue
- Foreign Policy Special Issue
- for a cause
- Photo feature
- national interest
Adani hopes to start Austalian coal mine project by August
Adani Group Chairman Gautam Adani, whose $22 billion Carmichael coal mine and port cum railhead project in Queensland is being opposed by some people, says he is hopeful of starting it by August this year.
“We expect the final federal approvals by May-June. We need just about three months from thereon to actually begin the work on the mine. Which means we can kick-start work from August this year,” Adani told the news agency in an interview here over the weekend.
He was flanked by the premier of Queensland Anastasia Palaszczuk, who was in town leading a 25-member delegation of mayors and state officials after visiting the Mundra port and solar power farms of the Adanis in Gujarat over the weekend.
Adani said he expects the first coal to come out of the mines by 2020.
The company has nearly halved the first phase of mining project to 25 mt per annum from the original plan of 40 mt, he said.
The Adani group entered Australia in 2010 with the purchase of the greenfield Carmichael coal mine in the Galilee Basin in central Queensland, and the Abbot Point port near Bowen in the north.
Echoing Adani’s confidence, the premier sounded sanguine about securing the pending federal approvals anytime soon as her country’s national parliament is in session now and is keen to begin a debate on the project.
“Most of the approvals are in. There is no approval pending from my Government. Some legislations are currently before the federal parliament,” she said.
“I don’t believe there will be any obstacles for that final piece of legislation in the federal parliament and the environmental conditions have been attached as well,” Palaszczuk said.
The support for the investment in Queensland comes just days after Australian cricket legends Ian and Greg Chappell and scores of other prominent Aussies urged Adani to abandon the $21.7 billion project.
The company, however, rejected the demand as “a motivated attempt by a very small group of 76 misled people.”
The open letter, dated on March 16, cited public opposition, risks to miners’ health, climate change and potential impact on the fragile Great Barrier Reef as reasons for their request not to proceed with the project in the Galilee Basin.
The letter warned that the project could hit the bilateral relationships, especially on the sporting and trade front.
The $21.7 billion Carmichael coal mine and port-cum-railhead project is said to be one of the world’s largest and has already received the green light from the federal and Queensland governments. The project involves dredging 1.1 million cubic metres of soil near the Great Barrier Reef Marine Park, which will then be disposed of on land.
- Bharti Airtel to buy Tikona’s 4G business for Rs 1,600 crore 24 Mar 2017 | PNS
- NPA resolution mechanisms need more teeth, says Mundra 24 Mar 2017 | PTI
- Parliamentary panel to summon Urjit Patel again on Apr 20 24 Mar 2017 | PTI
- GST Bills to be introduced in Parliament next week: FM 24 Mar 2017 | PTI
- Amazon, Grofers, Big Basket may invest $695 mn in food retail 24 Mar 2017 | PTI
- SBI Chairman among Fortune’s 50 greatest leaders of the world 24 Mar 2017 | PTI
- Dr. Morepen offers preventive therapy for heart diseases, diabetes 24 Mar 2017 | PNS
- Sebi provides pricing clarity on share issuance to unlisted cos 24 Mar 2017 | PTI
- FinMin, bankers to meet on utilising excess liquidity 24 Mar 2017 | PNS
- Fund mop-up via BSE’s e-book debt platform hits Rs 2 lakh crore 24 Mar 2017 | PTI
Sunday EditionView All
19 Mar 2017 | Rajesh Singh
Is the marginalisation of the two caste-based parties in Uttar Pradesh a harbinger of change — from identity politics to the politics of development? If we take the 2014 and 2017 elections together, that does seem to be the suggestion, writes RAJESH SINGH Understanding an election result as monumental as that of Uttar Pradesh is akin to unravelling a deep thriller plot. The why, when, where, how and what — this...
STATE EDITIONSView All
24 Mar 2017 | PNS | Lucknow
Chief Minister Adityanath Yogi made a surprise inspection of the Hazratganj police station in Lucknow sending police officers in a tizzy on Thursday morning. Soon after, the Chief Minister said that there will be rule of law in UP and no one will be spared if found on the wrong side of law and asked police personnel to work with dedication...