Adani to finalise Carmichael coal by June
Published by Angharad Lock,
Digital Assistant Editor
World Coal,
Adani Enterprises has announced it expects to finalise an investment decision by June 2017 regarding the Australian Carmichael Coal Project. The project has secured all tier 1 approvals.
“Our internal planning is 2020 ... [for] first coal to come out,” commented the group’s Chairman, Gautam Adani.
The project has suffered from delays following opposition from environmental groups, who are concerned that the project will expand into the Great Barrier Reef World Heritage Area. Consequently, Adani cut the expected coal output to 25 million tpy from 40 million tpy.
This announcement follows an earlier one regarding the company’s application for coal railway financing.
Read the article online at: https://www.worldcoal.com/coal/21032017/adani-to-finalise-carmichael-coal-by-june/
You might also like
Coal exit and workforce shortages keep short-term Australian power prices high
Cornwall Insight has reported that the ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects is poised to push Australian electricity prices higher until 2030.