POSCO E&C Initiates Carmichael Mine Development in Australia
Jul 21, 2014 UncategorizedComments Off on POSCO E&C Initiates Carmichael Mine Development in Australia
SEOUL, South Korea, July 21, 2014 /PRNewswire/ — POSCO Engineering & Construction (CEO: Tae-Hyun Hwang) announced on July 18th that the company has signed an MOU on the 11th with India’s Adani Mining for the construction of standard-gauge heavy haul rail line that is to be used for the coal mining project in Galilee Basin Queensland, Australia.
Upon signing this MOU, POSCO E&C has become the priority bidder for the EPC of a 388km standard gauge rail, which is a project carried out by Adani Mining to connect Carmichael mine with Abbot Point export port, in Queensland.
Construction will begin in the first half of next year, after Adani Mining signing the final contract for EPC with POSCO E&C within this year. The completion of this railway will enable transport of 60 million tons of coal per year.
Adani Group, the parent company of Adani Mining and India’s largest integrated private power, port and infrastructure developer, currently operates power generating facilities with