Adani to Invest $4bn in Queensland Mine

29 September 2010 (Last Updated September 29th, 2010 18:30)

Adani Enterprises has revealed that it will invest $4bn to develop mining infrastructure and logistics at its recently acquired mine in the Galilee Basin of Queensland, Australia. The investment will also cover the development of a rail link and a coal terminal in a port. Adan

Adani Enterprises has revealed that it will invest $4bn to develop mining infrastructure and logistics at its recently acquired mine in the Galilee Basin of Queensland, Australia.

The investment will also cover the development of a rail link and a coal terminal in a port.

Adani acquired the coal mine, which has thermal coal deposits at 7.8 billion tons, for $2.7bn in August.

The mine will initially produce 30 million tons, reaching a peak output of 50 million tonnes within 12 months, reports Business Standard.