Work on Carmichael plant Adani
After wins at DRI, Aussie courts, first coal to come out in March 2020
the next 10 years.
Once it is built, the Carmichael mine will be one of the biggest in the world. It will include six opencut pits and five underground mines across an area five times the size of Sydney Harbour. The coal will be transported to India, travelling from the mine via a new 189 km rail link, to a waterfront coal terminal at Abbot Point in North Queensland. The giant mine will generate so much coal that the terminal swill need to be expanded to accommodate it.
Adani said the project will create 10,000 direct and indirect jobs in regional areas of Queensland, and inject A$22 billion in royalties and charges into the Queensland government’s coffers.
The project envisages phase one production of 25 million tonne per annum (mtpa). Peak mine production in later phases will rise to 60 mtpa. Adani Group will expand the capacity of its owned and operated bulk coal port facility at Abbot Point from 50 mtpa to 120 mtpa.
The project may also rely on the Queensland government giving the company a $1 billion concessional loan to help it build the rail link. The government is currently assessing whether to give Adani the loan through its $5 billion Northern Australia Infrastructure Facility (NAIF).
Adani is confident that he will tie up the funds to complete the project.
“The project will be funded by internal accruals, NAIF and foreign banks. Talks have already started with the banks,” he added.
As part of the group’s target of commissioning 10,000 megawatt of solar power capacity by 2020, 1,500 MW of solar power installations are being planned in Australia.