The $ 4.2 billion project proposes a 30 MTPA underground, open-cut coal mine
Hyderabad based infrastructure major, GVK’s second coal mine project in Australia at Kevin’s Corner in the Galilee Basin in western Queensland, has received environmental approval.
The $ 4.2 billion project proposes a 30 million tonne per annum (MTPA) underground and open-cut coal mine and other associated infrastructure 65 kilometres north-west of the Alpha township. The project would rely on the railway infrastructure of the adjacent Alpha Coal project to transport coal to the Port of Abbot Point, Bowen.
The first one, GVK’s Alpha Coal project had already received environmental approval from the local government in May 2012 and from the federal government in August 2012, following a rigorous and thorough assessment process spanning four years, according to a press release.
Speaking on the latest development, G.V.K. Reddy, founder chairman and managing director of GVK said, “This development is yet another breakthrough towards our goal to be the premier and the most reliable coal supplier to the world. The progress in this project further strengthens our commitment to develop world-class projects in a timely and responsible manner. Moreover, the flow of benefits for the State’s economy from this project will be enormous. It means billions of dollars in capital investment and thousands of jobs for locals.”
“We are pleased with the consent given by the Coordinator General which culminates in the provision of a State Environmental Approval for the project. This project will follow the best practices in operations and environmental sustainability and will contribute to the economic development of the region,” said GVK vice-chairman, G.V. Sanjay Reddy.