Australia is on the brink of opening up a massive, untapped coal province after Adani committed to begin construction of its controversial Carmichael mine project in central Queensland before Christmas.
After almost a decade of delays, legal challenges and protests, the Indian conglomerate is planning to begin exporting high-quality thermal coal from the Galilee Basin, west of Mackay, by the end of 2020.
Adani’s decision to self-fund a scaled-down version of its original mine-rail proposal — involving what would have been Australia’s biggest-ever coalmine — could pave the way for five other proposed mines in the basin. Its planned rail link to the Abbot Point port will be opened for use to Adani’s rivals, with an initial coal-hauling capacity of 40 million tonnes a year that could be doubled within a few years.
Last week, Queensland’s Co-ordinator-General approved the proposed $6.7 billion Chinese-backed MacMines coalmine in the Galilee Basin.
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November 29, 2018 at 07:43AM