Indian mining giant Adani is forced to launch its own rail company to haul coal to Abbot Point shipping terminal after years of protests from anti-mining activists scared off potential contractors, in a move that could add $200 million to cost of the project.
The Adani group has launched its own rail business to haul coal to its Queensland port, while avoiding any public mention of the parent company or the controversial Carmichael mine.
Head of project delivery, David Wassell, said the company had bought its own "state-of-the-art locomotives and rollingstock" and would recruit about 50 workers.David Wassell, Head of Project Delivery at Bowen Rail Company, once worked for Adani, according to his LinkedIn profile The LinkedIn profiles of two other BRC staff state they work at Adani Australia, the proponent of the Carmichael mine.The Adani family owns almost 75 per cent of Adani Enterprises and just over 62 per cent of Adani Ports and Special Economic Zone.The other two rail operators with capacity to haul Adani's 10 million tonnes of coal a year — Aurizon and Pacific National — have come under activist and shareholder pressure to follow suit.
The proposed rail route mining giant Adani will take to haul coal from central Queensland to Abbot Point.The Aurizon spokesman said it was legally required to consider all access requests but also to keep them confidential.But it was forced to scale down its plans after the only contractor it considered capable of building the mine, Downer, walked away after being targeted by protesters.
Former Citibank analyst Tim Buckley, now at the pro-renewables Institute for Energy Economics and Financial Analysis, said Adani's decision drastically increased its capital costs, which other rail operators would have wanted to avoid.
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