Adani to Invest $6.9bn in Queensland Mine

24 October 2010 (Last Updated October 24th, 2010 18:30)

Adani Enterprises is to invest $6.9bn to develop coal, rail and port projects in its Galilee Basin coal mine in Queensland, Australia. The company expects its first coal output by the end of 2014, and to be producing of 50-60 million tons of coal by 2022. Adani, India's bigge

Adani Enterprises is to invest $6.9bn to develop coal, rail and port projects in its Galilee Basin coal mine in Queensland, Australia.

The company expects its first coal output by the end of 2014, and to be producing of 50-60 million tons of coal by 2022.

Adani, India's biggest coal importer, acquired the Galillee coal mine for $3bn from Linc Energy in August 2010.

India's thermal-coal imports almost doubled to 60 million tonnes last year, as the nation increased electricity generation capacity.