GVK's Big Australian bet :
.JT7Member@jt7Join Date: 2010Post Count: 286
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.
Enjoy the read….Adrian 00Participant@adrian-00Join Date: 2013Post Count: 10
Did you read the Gittens article on productivity?moxi10Participant@moxi10Join Date: 2010Post Count: 194
Here's an article by Terry Ryder about the proposed rail from The Galilee Basin to Abbot Point
Waratah Coal's $8.8 Billion dollar Alpha mine receives State Government approval today ! http://www.abc.net.au/news/2013-08-09/qld-government-approves-thermal-coal-mine-near-alpha/4876180moxi10Participant@moxi10Join Date: 2010Post Count: 194
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. –
Federal Government approves Qld coal and gas expansion amid new rules to protect Barrier Reef.
Clive Palmer's Waratah Coal mine in Queensland's Galilee Basin gets federal environmental approval.
.trickeymickeyMember@trickeymickeyJoin Date: 2012Post Count: 19
Great news for Alpha, Emerald and the Galilee Basin. GVK are talking with banks and financial closure in a years time. Coal production likely to start in another 1-2 years after that.