Search Result for : Coal Mine Project

PTI   An Australian government-owned fund manager company has expressed interest to invest in "infrastructure pieces" of Indian energy giant Adani's $21 billion controversial coal mine project in Queensland.   Chief executive of QIC Damien Frawley said the company, whose major clients include defined benefit superannuation scheme for Queensland public servants, was keen to explore infrastructure opportunities around the state.   Even though the company has not been approached for investment in the Adani's Carmichael coal mine project, QIC has said it would not be interested in the mine itself.   "But the infrastructure pieces of Adani would be interesting for us to explore. If it fitted within the return rates we are seeking," Frawley was qouted as saying by 'The Courier Mail' here.   The indicated area of investment ...

PTI   An Australian government-owned fund manager company has expressed interest to invest in "infrastructure pieces" of Indian energy giant Adani's $21 billion controversial coal mine project in Queensland.   Chief executive of QIC Damien Frawley said the company, whose major clients include defined benefit superannuation scheme for Queensland public servants, was keen to explore infrastructure opportunities around the state.   Even though the company has not been approached for investment in the Adani's Carmichael coal mine project, QIC has said it would not be interested in the mine itself.   "But the infrastructure pieces of Adani would be interesting for us to explore. If it fitted within the return rates we are seeking," Frawley was qouted as saying by 'The Courier Mail' here.   The indicated area of investment ...

PTI Indian mining giant Adani's plan to build one of the world's largest coal mines in Australia got a major boost on Monday as it secured the final approval for a permanent rail line and a temporary construction camp for the 21.7 billion dollars controversy-hit project despite protests.Queensland's Coordinator-General has given "the latest, and final, secondary approval" for about 31.5 kilometres of permanent track, as well as the 300-bed camp.The rail section approved will form part of the 389- kilometre heavy haul railway line from the mine in the Galilee Basin to the Abbot Point port, ABC News reported.State Development Minister Anthony Lynham said the approval was another milestone for the project."Adani has confirmed it will start construction next year," Lynham ...

The Dollar Business Bureau Coal India Ltd. (CIL) has set a target to produce 71.77 million tonnes (MT) of coking coal out of its total production of 1,000 MT by 2019-20.   Coking coal production stood at 53.8 million tonnes in 2015-16, Coal Minister Piyush Goyal said on Thursday. The initiative aims at reducing imports of coking coal.   "The enhancement in domestic production of coking coal is envisaged to reduce coking coal imports. However reduction of coking coal imports totally would not be possible due to the constraint of availability of metallurgical grade coal from domestic sources", he said in a written reply to a question in the Lok Sabha. On Thursday, Goyal chaired a Parliamentary Consultative Committee meeting to review the implementation of mine closure ...

The Dollar Business Bureau Vedanta Ltd, the world’s leading natural resources company, is planning to buy coal mines by bidding in auctions, as the mining major is seeks meet the energy requirements of its aluminium plants. “Numerous initiatives are being taken to meet our coal requirements. We will source our overall coal mix from low-cost imports and auctioned coal to optimise the cost in financial year 2016-17. We are also looking to optimise our coal mix further by securing linkage coal through the auction route,” Vedanta said. The government on its part is yet to decide on the dates for holding the fourth round of coal mine auctions that were cancelled in December last year. The company further ...

Source: PTI Indian mining giant Adani's $16.5-billion controversy-hit coal mine project in Australia on Monday faced a fresh legal challenge from an environmental group which sought quashing of a new government approval on grounds that it would harm the fragile Great Barrier Reef and add to climate change. The mega project located in Queensland's Galilee Basin was last month granted re-approval by EnvironmentMinister Greg Hunt. The mine, which would be the biggest in Australia, was approved subject to 36 strict conditions after a court action sidelined the project earlier this year because of its impact on the ornamental snake and yakka skink, a vulnerable species that hides under rocks. The Australian Conservation Foundation said Environment Minister Hunt failed to consider whether ...