Ferguson, Newman set to finalise Indian coal deal

Business Spectator | December 2, 2012 | 7:20 pm Energy Asia Australia Coal 

Australian officials are in India to formalise a deal for the largest and most comprehensive coal mining exploration program undertaken in Australia.

The Adani Group has completed a comprehensive geotechnical field investigation to define the coal resource at Carmichael Mine, which at ten billion tonnes, worth an estimated $10 billion, makes it the largest coal tenement in the world.

The company says the project will include the construction of a mine, rail and port infrastructure and create 4000 long-term jobs.

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