GVK’s Alpha coal and rail project in Australia gets eco clearance
29 May 2012
Diversified infrastructure company GVK Power & Infrastructure Ltd has received environmental clearance for its integrated mining project, Alpha Coal and Rail Project, in Queensland, Australia.
''GVK and its Alpha Project is now the only Galilee Basin proponent with an approved environmental impact statement (EIS),'' GVK said on the Queensland coordinator general's report on environmental clearance
for the Alpha Coal and Rail Project.
After getting preliminary investment clearance from the Australian authorities in December 2010, GVK invested in three mines - Alpha, Alpha West and Kevin's Corner - with a total resources potential of 8 billion tonnes of thermal coal, in addition to the rail and port facilities.
The Alpha Coal and Rail Project consists of a 30-million tonnes per annum (mtpa) mine, a 495 km standard gauge railway with 60mtpa approvals and a terminal and two berths at Abbot Point catering for at least 60mtpa of thermal coal destined for Asian markets.
''I am tremendously proud of the hard work our team at GVK has put into achieving this milestone, which now paves the way for us to complete financing and secure final mining approvals for the Alpha Project in the second half of 2012. I would like to acknowledge the Queensland government for their efforts in making this happen within a few months of their winning the elections. We remain committed to developing our world class projects in a timely and responsible manner and ultimately bring widespread benefits to this great state,'' Dr GVK Reddy, chairman and managing director, GVK, said.
The coordinator general's report is a major step in finalising the regulatory requirements, which will enable the company to fast track the completion of key construction and operations contracts.
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