Adani to develop coal export terminal in Australia

The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the preferred developer for development of a coal export terminal in Australia with another proponent.

"Adani Group, the promoter of MPSEZ has received a communication from North Queensland Bulk Ports Corporation (NQBP), representing the government of Queensland, Australia stating that it has been selected as the preferred proponent for development of new coal export terminal at Dudgeon Point along with other proponent," the company said.

Dudgeon Point is located within the Bowen Basin, the premier coal producing basin supplying the world with high quality coking and thermal coal.

Preferred Proponent status provides Adani the right to develop a coal terminal of at least 30-60 million metric tonnes per annum (MMTPA) capacity, subject to technical and commercial feasibility besides environmental approvals, the statement said.

It said as a next step MPSEZ along with NQBP and the other proponent would to prepare a master plan for coal export infrastructure/terminals at Dudgeon Point to assist the State of Queensland to evaluate options for meeting development demands.

The master plan will involve, among other things, costs associated with the development of the terminals, the land required for the same, and the feasibility study.

The company said that MPSEZ, as the owner and operator of the largest private port in India has always been looking for opportunities to develop ports across the country and the world and this opportunity is consistent with that strategy.