Adani close to action on scaled-back Carmichael mine

Original article by Mark Ludlow
The Australian Financial Review – Page: 2 : 1-Nov-18

Adani Mining CEO Lucas Dow has declined to comment on speculation that the company will make a final investment decision on the Carmichael thermal coal mine in coming weeks. However, Adani is believed to be planning for annual production of 10-15 million tonnes in the first stage of the project, at a cost of less $2bn. The mine is now expected to have maximum production capacity of about 27 million tonnes a year, compared with initial plans for 60 million tonnes. The project is forecast to generate 1,500 jobs.

CORPORATES
ADANI MINING PTY LTD, AUSTRALIAN LABOR PARTY, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, BHP BILLITON LIMITED – ASX BHP

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