Indian miner is on track with coal rail line

Adani has moved from a memorandum of understanding to a full feasibility with QR over a rail line from its proposed Galilee Basin coalmine  Source: Bloomberg

INDIAN miner Adani has moved to make sure it can export coal from the Galilee Basin area by early 2016 by upgrading its arrangement with coal carrier QR National for a rail corridor from a memorandum of understanding to a feasibility study.

The Queensland government last month approved further work on two proposed railway corridors from the Galilee Basin -- one directly to the coal port of Abbot Point along a route proposed by fellow Indian coalmining company GVK, and the Adani plan for a smaller track to be built to connect with QR National's existing railway infrastructure in the Bowen Basin.

While successive Queensland governments have envisaged that the route along what is now the GVK proposal will carry most of the coal out of the Bowen Basin to port, there is now doubt about how quickly such a line -- which involves 500km of new railway track -- would be ready.

Adani needs to transport coal out of Australia and back to India by early 2016 to feed power stations they run there.

Read More

The Australian