Adani to begin high-quality coal export from Carmichael mine

Adani Group will soon export high-quality, low-sulphur coal from its Carmichael mine in Australia after facing a challenge from a seven-year campaign by climate activists and withstanding a global push away from fossil fuels. According to Bravus Mining and Resources, the company entered a new multi-decade source to meet the energy needs. The first freight of high-quality coal will be made at the North Queensland Export Terminal in Bowen. Adani Group has planned to produce 10 million tonnes per annum (mtpa) of coal in the Galilee Basin. The coal is of high-quality, low sulphur content and high calorific value. The coal produced in the mine has to be sold at an index adjusted pricing, which means that all the taxes and royalties will be paid in Australia. In India, coal is used as a fossil fuel to generate about 70% of electricity. The Carmichael project has prompted climate activists in Australia and worldwide, forcing banks and insurers not to work with the Adani Group. The company self-financed the project and reduced its fossil fuel project size to a sixth of its potential. In November, BNY Mellon had said that it would stop working with Adani in Australia. Adani Group told the media that the company has struck coal and exposed the first coal seams at the Carmichael mine in Queensland. The Carmichael produced coal will contribute to Adani's energy portfolio, designed to create a combination of sustainable energy, thermal power, solar power, wind power and gas. Adani bought Abbot Point in 2011 for $2 billion and renamed it the North Queensland Export Terminal. The coal will be exported at the North Queensland Export Terminal. Adani Group's Australian Carmichael mine is situated in the North Galilee Basin, 300 km away from the Queensland coastline and about 160 km from North-West of Clermont in regional Queensland. Image Source Also read: Singareni Collieries targets 100 mt coal production by 2025