Approval for Adani Mining Pty's $16.5B Rail Project Expected August 1
India-based mining company Adani Mining Pty Ltd is awaiting finalization from the federal environment minister Greg Hunt on the approval of its $16.5 billion rail project in Queensland. A decision is expected August 1.
The company’s Carmichael mine project, which is expected to be the biggest coal mine in the world, was approved by the Queensland’s coordinator general two months ago. However, the project was subject to additional approval due to the company’s planned rail project.
The 300 kilometer rail line will connect Adani’s planned coal mine to the Abbot Point Coal port, near the Great Barrier Reef.
The company is seeking to have the Commonwealth approval process for the rail project be aligned with the anticipated Queensland Coordinator Genera’s approval for the project.
"Decisions on these approvals had always been envisaged on or around Q1 2014-15FY,” Adani said in a statement. "These timelines, coupled with the extant Abbot Point approvals process, position the company well to ensure it meets its longstanding first coal guidance for 2017.”
"After receiving the Queensland Coordinator General’s approval on May 8th, Adani’s Carmichael Coal Mine was deemed a prescribed project by the Queensland Minister for State Development and Deputy Premier Jeff Seeney, another step towards the project’s timely commencement," it said.
The Carmichael project, which is located in the Galilee basin, has been subject to over 190 conditions since Adani first launched the proposal.
"Approvals granted for Adani’s infrastructure investments in Queensland have, to date, been amongst the strictest and most stringent processes of their kind ever undertaken by any level of government in Australia,” Adani said in the statement.
"Adani looks forward to continuing to work with our project partners and all levels of government in Australia.”
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.