GVK Industries has received environmental clearance for its integrated mine, rail and port coal project in Australia.
The project expects to supply at least 60 million tonnes per annum (mtpa) of high quality thermal coal to Asian markets.
GVK Alpha Coal Project in the Galilee Basin, consisting of 30 mtpa mine, a 495 km standard gauge railway with 60 mtpa approvals and a terminal and two berths at Abbot Point in Queensland, received the approved Environmental Impact Statement, according to a company release issued here on Tuesday.
GVK purchased a controlling share of Hancock Prospecting's Galilee Basin coal mines and the rail and port assets after participating in an international competi- tion.
It invested in three mines — Alpha, Alpha West and Kevin's Corner — with total resources of 8 billion tonnes of thermal coal in addition to the rail and port facilities.
The $10 billion Alpha project, mine, rail and port alone will create, during construction, over 4,000 jobs at peak, at the mine site 50 km from the Alpha township.
The infrastructure developed by the project will benefit other local developments, the release added.
