AUSTRALIA
With an estimated price tag of USD $ 16.5 billion in capex and sustaining capital , the Carmichael coal , railway and port project based in Queensland , Australia , is on-track to build one of the world ’ s largest thermal coal mines , producing roughly billions of tonnes of coal resources during its estimated 60- year lifespan . The Project is being spearheaded by Adani Mining , the Australia-based subsidiary of Adani Group , and the expectations are as high as the cost .
Social and Economic Benefits Located in the north Galilee Basin approximately 160 km north-west of Clermont in Central Queensland , The Project is set to not only benefit the industry but the community as well .
“[ The Project ] will deliver vital export opportunities for Queensland , [ create ] 10,000 local jobs , [ garner ] $ 22 billion in taxes and royalties , and [ provide ] crucial work opportunities for small- and medium-sized businesses ,” said Adani Mining CEO Jeyakumar “ JJ ” Janakaraj .
Funds received from taxes and royalties will be directly reinvested , assisting with the development , maintenance and support of schools , hospitals , roads , and other local services .
“ The biggest part of the project will be the multiplication effect ; there is no point in just being the world ’ s largest mine . Rather , I think the point of the project is to create value for millions of people around the world starting from where the mine starts , not just in economic activity but also in social wellbeing .
“ It ’ s a mine , rail and port , but it won ’ t just cater to Adani . It will assist other parties in the region to share infrastructure and grow their business ,” Janakaraj added .
Setting the Stage A project of this size calls for extensive logistical planning , from permits to partnerships and everything in between . And even though a lot has been accomplished thus far , much still remains .
“ So far all , of the approvals are completed as well as the entire engineering . We have finished the
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