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India's Adani aims to start digging Australia coal mine in mid-2013

Sun, 07/01/2012 - 9:25pm
Reuters

MELBOURNE (Reuters) - India's Adani Enterprises aims to start building its first Australian coal mine in July 2013, targeting 23 million metric tons (25.4 million tons) a year output in the first year once a rail line is built to the Pacific Ocean, its Australian chief said on Monday.

The company, which plans to work with Australian rail operator QR National on rail options, does not anticipate any problems lining up funding for its $10 billion mine and rail project, Adani Group Australia Chief Executive Harsh Mishra told Reuters.

"Expressions of interest we've got so far are predicated on the successful track record that Adani has demonstrated in India from banks that have traditionally supported us on our projects," Mishra said.

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