Adani deal with Australian group |
Indian energy giant Adani has signed a 74 million dollar landmark deal with Australian steel group Arrium to buy steel for a 400-km rail line for its controversial Carmichael coal mine project. Under it, Arrium`s division OneSteel Manufacturing Pty Ltd will supply 54,000 tonnes of steel to build the rail line linking Adani`s proposed coal mine in central Queensland with the Abbot Point port. This is a landmark deal for the Galilee projects, according to Adani Australia`s Head of Country and CEO Jeyakumar Janakaraj. Adani is continuing to gain momentum. The North Galilee Basin rail project is an essential open access, multi-user element to open the Galilee basin not only for the Carmichael mine but also other projects.Our commitment to the Carmichael projects and the benefits that will flow to regional Queensland and India is clearly demonstrated by this deal. There is more work to be done, but this contract is a major step forward. The contract, which is subject to the normal commercial requirement that the Carmichael mine proceeds, involves over 54,000 tonnes of head hardened rail. Australia needs a strong local steel industry just as it needs a strong coal and resources sector. Today`s announcement strongly supports both,” he said.
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