Adani upbeat and recruiting as coal demand remains high

NO deal has been done for a rail line to the Port of Abbot Point or sod of earth turned for Adani's planned $16 billion Carmichael coal project.

However in a welcome good sign, the Indian company is recruiting online.

Employment training groups like iMINCO are also in a mood of optimism, pushing mining induction courses on the basis the eagerly anticipated Adani venture will go ahead and bring a regional boom.

India's demand for coal to supply its growing electricity consumption and need for massive infrastructure development is a cause for optimism that giant coal ventures in Galilee Basin will go ahead.

MORE ON CARMICHAEL MINE: Adani has started its search for workers

The Carmichael project would be Queensland's largest coal mine and bring 9000 jobs - 5000 in the construction phase.

Along with the Indian company's venture, thousands of other jobs in the Bowen Basin would be taken up as part of GVK Hancock's Alpha Coal and Kevin's Corner mines plus Waratah Coal's project.

Last month Adani Enterprises Ltd confirmed with the Bombay Stock Exchange some aspects of business media reports, that China and Korea were keen to buy coal from its Australian mines.

A statement by Adani said it was discussing with unnamed power utilities and coal traders in different countries, for off-take arrangements of coal from its Carmichael project.

A $1 billion loan application with the State Bank of India for the Carmichael project has not been approved.

Dredging to expand Abbot Point must undergo a new environmental approval after a new dredge spoil site was proposed last month.



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