Gracemere Industry

Promoting industry in the Gracemere area

Great incentive for expansion in the GIA

India’s Adani Group confirmed this week that their major Carmichael coal mine project will start to take shape now that the exploration of the Galilee basin is complete.

The venture will create 4,000 long-term jobs through construction of the mine, rail and port infrastructure. Adani’s announcement that they will spend a total of $10 billion on the project can only highlight the very reason why the GIA must be progressed sooner rather than later, and definitely must be in place ahead of the Master Plan being developed for the amalgamated Rockhampton Regional Council.

With a 10 billion tonne coal resource, the Carmichael Mine in the Galilee Basin is said to be the world’s largest single coal tenement. The first shipment of coal is expected to be exported by January 2016

Gracemere and Rockhampton are well positioned as an industrial hub for this mine which will be located approximately 700 kms to the west of Rockhampton. Certainly a lot of supporting industries for this mine will be looking at setting up near the coast and Gracemere, with both a strong industrial area and land and house packages available, is well-suited to meet the demand from such a big mining and transport enterprise.

[‘Gautum Adani defies trend with $10bn Galilee project’, The Australian, December 3, 2012]
[‘Queensland, Adani Group to  Ink $10b Coal Mine Deal’, International Business Times, December 3, 2012]

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This entry was posted on December 5, 2012 by in News and tagged , , .
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