Sentences with phrase «point coal port»
India's Adani has appointed Morgan Stanley to advise on the possible sale of a stake in its Abbot Point coal port in Australia, as it looks to raise funds to help finance a $ 6.2 billion mine, rail and port project.
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Those existing ports include Abbot Point, where India's Adani Group and compatriot GVK plan a huge coal terminal expansion, and Gladstone, where ship traffic is set to increase sharply from 2015 as huge new liquefied natural gas plants start exports.
Plans to start mining and exporting coal from one of the country's biggest deposits — the Galilee basin — require the expansion of the Abbot Point shipping port in north Queensland, within the boundaries of the famous marine park.
The famous Abbot Point which is a coal loading port is in Bowen and it supplies coal nationally as well as internationally.
To accommodate the enormous output of this mega mine, Adani is planning to expand its existing Abbot Point terminal and build two more ports to ensure the 60 million tons of coal can be dumped on international markets - after traveling through the Great Barrier Reef.