Comments
Adani Enterprises has awarded a contract to an Australian rail company as the conglomerate steps up infrastructure spending to support its new thermal coal mine in Queensland state.
The A$100 million ($68.30 million) contract was awarded to privately held Martinus Rail, based in the regional city of Rockhampton, Adani said in a statement on Friday.
Read also: Gautam Adani doubles down on Australia’s Carmichael coal mine
Adani Mining Chief Executive Lucas Dow said more than A$450 million worth of contracts had already been awarded on the Carmichael Project, the majority to regional Queensland areas.
“Construction on the Carmichael mine and rail project is well and truly underway on site, and our big contracts are now also lined up as we ramp up activity,” he said.
The Carmichael mine has been a lightning rod for climate change concerns in Australia and was seen as a factor in the surprise return to power of the conservative Liberal/National coalition in a national election in May because of the jobs it promised.
First acquired by Adani in 2010, the project is slated to produce 8 million-10 million tonnes of thermal coal a year initially and cost up to $1.5 billion.
Comments
COMMENT NOW
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.