It's interesting that right throughout the recent volatility the coal industry has experienced, GVK has continued to maintain a cool head and been confident in their ability and the demand/supply factors to continue to bring this behemoth project closer to fruition.
Now that Aurizon has reportedly agreed to maintain a 51% stake in the infrastructure it must bode well for the long term for the Galilee.
It is going to be very interesting to see the impact on this industry once September roles around and the nation heads to the polls…….. A change of government to one that is more supportive of Australian business could be just what the doctor ordered.
Aurizon and GVK Coal Infrastructure (Singapore) Pte Ltd (GVK Hancock) have reached a significant milestone towards their proposed transaction for the joint development of a rail line and a new coal terminal at the existing Abbot Point Port to unlock the Galilee Basin’s coal resources, including GVK Hancock’s Alpha, Alpha West and Kevin’s Corner coal projects. –