Comments
Conglomerate Adani Enterprises is in advanced talks with power firms and traders in different countries for selling coal from its mines in Australia.
Adani Mining Pty, a wholly-owned subsidiary of Adani Enterprises, is in discussion with various power utilities and coal traders in different countries for off-take arrangements of the fuel from its Carmichael coal project in Australia, it said in a filing with the BSE.
The company also said that it has signed certain letters of intent with these power utilities and coal traders as part of discussions to sell the fuel.
As per some media reports, countries like China and Korea have evinced interest for buying coal from Adani’s Carmichael mines in Australia.
The Carmichael coal, railway and port project includes building Australia’s largest thermal coal mine in the north Galilee Basin in Central Queensland, linked by a new 388 kms standard gauge rail line to a new terminal at Abbot Point Port.
The combined mine, rail and port operations will provide over 10,000 direct and indirect jobs and supply opportunities for local businesses, as per information available on the company’s website.
Adani Group is implementing coal mining projects with total annual coal production capacity of around 110 MTPA (million tonnes per annum).
The company plans to achieve a mining capacity of 200 MTPA of coal by 2020.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.