Name of the Project
Carmichael coal mine project.

Location
The project is located about 160 km north-west of Clermont, in Queensland, Australia.

Project Owner/s
Adani Mining, a wholly owned subsidiary of India’s Adani Group.

Project Description
The Carmichael project is a thermal coal mine and rail project, which will transport coal from the Galilee basin to countries in Asia, including India, Vietnam and China.

Although the project has the approvals to produce up to 60-million tonnes of coal a year, the mine will initially produce ten-million tonnes a year and ramp up to 27.5-million tonnes of coal a year in the first stage.

The reduced plan requires only a 200 km rail spur connecting to Aurizon Holdings’ rail line, rather than a whole new 388 km competing line, and no port expansion.

Potential Job Creation
The project will deliver more than 1 500 direct jobs for the mine and rail projects during the initial ramp-up and construction phase, and will support thousands more indirect jobs, all of which will benefit regional Queensland communities.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The entire project is expected to cost A$16.5-billion.

Planned Start /End Date
Not stated.

Latest Developments
Queensland Premier Annastacia Palaszczuk has said that Indian major Adani’s two outstanding management plans for its multibillion-dollar Carmichael project should be resolved by June 13.

The deadline comes after the Premier called a meeting between Adani, the Coordinator-General and the state’s environmental departments to hash out plans to finalise the two outstanding environmental management plans, including the groundwater management plan, which was earlier approved by the federal government, and a management plan for the endangered black-throated finch.

Adani Mining has welcomed the Premier’s deadline, saying the company will work closely with the Queensland government to achieve the timeframes.

There have been 11 versions of the groundwater management plan over the past two years, and seven of the black-throated finch management plan.

Adani Mining CEO Lucas Dow has said that he is also encouraged by the Coordinator-General’s decision to publish the government’s target dates for finalising other project-related milestones, including the dates for royalty agreements, finalising the deed of access and sublease for the rail line, and other relevant infrastructure agreements.

Key Contracts and Suppliers
Downer Mining (construction and operation of the mine); Austrak (concrete sleepers); Arrium Mining and Materials (railway tracks) and GA Services (refurbishment of camp accommodation).

On Budget and on Time?
The project has been delayed for years, as opposition from environmental groups has led banks to steer clear of funding what will be the biggest coal mine in the country.

Contact Details for Project Information
Adani Mining, tel + 61 7 3223 4800, fax + 61 7 3223 4850 or email Reception.Australia@adani.in.