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Adani Mining confirms future amidst Asian coal demand strength - IEA

Coal News - Published on Mon, 19 Nov 2018

Image Source: ggpht.com
Australian Mining reported that Adani Mining has reasserted the prospects of its Carmichael project in regional Queensland as the International Energy Agency (IEA) has reported that coal has made a recent comeback. The IEA, in the World Energy Outlook (WEO) 2018 update, forecast that coal demand in the Asia Pacific would increase by 492 million tonnes (Mt) of coal equivalent by 2040. Adani chief executive Mr Lucas Dow, meanwhile, presented at a Townsville Enterprise luncheon in Queensland. The event pointed out that based on independent third-party assessments, the Carmichael Mine would be a low cost and highly competitive production within target markets of India and Southeast Asia.

Adani reinforced that the Carmichael project would provide over 1500 direct jobs on the mine and rail project as it works towards becoming a 27.5 million tonne a year operation. The company added that thousands more indirect jobs would also be created in Rockhampton, Townsville, Mackay and the Isaac region.

Mr Dow said that “Importantly, these new jobs are not coming at the expense of jobs elsewhere in Australia as we will be selling into new markets for Australian coal.”

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Posted By : Nanda Koijam on Mon, 19 Nov 2018
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