GVK receives permit for Australian coal mine
COAL & MINING

GVK receives permit for Australian coal mine

GVK and Australian billionaire Gina Rinehart have secured an environmental permit to build their Alpha Coal project in Australia, moving it a step closer to signing off a long-delayed $10 bn mine, rail and port project. The GVK Hancock JV still requires to finalise a plan with coal rail operator Aurizon Holdings to overcome legal challenges to the project, and sign coal sales agreements before lining up financing for the huge project. The Alpha mine is 79 per cent owned by GVK and 21 per cent owned by Rinehart´s Hancock Prospecting.

Contact: GVK.
Tel: 040-2790 2663.
Website: www.gvk.com

GVK and Australian billionaire Gina Rinehart have secured an environmental permit to build their Alpha Coal project in Australia, moving it a step closer to signing off a long-delayed $10 bn mine, rail and port project. The GVK Hancock JV still requires to finalise a plan with coal rail operator Aurizon Holdings to overcome legal challenges to the project, and sign coal sales agreements before lining up financing for the huge project. The Alpha mine is 79 per cent owned by GVK and 21 per cent owned by Rinehart´s Hancock Prospecting. Contact: GVK. Tel: 040-2790 2663. Website: www.gvk.com

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