Australian coal mine holds 10 bn tonnes reserves: Adani

Written by Viraj Nair | Mundra | Updated: Dec 3 2012, 07:34am hrs
The Adani Group has said its mining exploration programme in the Carmichael mine in Australia has established the single largest coal tenement in the world with reserves of up to 10 billion tonnes.

The exploration programme, which found 3.4 billion tonnes in indicated and measured resources, was completed in nine months as Adani deployed a record number of drill rigs to drastically reduce the exploration time frame at the Carmichael mine in the Galillee basin of Queensland. The mine is central to the companys plans to secure coal to fuel its power capacity in India, which faces an electricity deficit.

The Australian industry and the Indian corporates like the Adani Group, have some distinctive synergies, which will prove to be of mutual benefit to all in the long run, chairman Gautam Adani said in a media statement.

(The reporter was in Mundra on invitation from Adani Group)