Adani Mining CEO Lucas Dow was the guest presenter at the Mining and Energy Services Council of Australia’s (MESCA) first project briefing for 2019 in Brisbane.
In front of 200 representatives of mining and energy supply chain companies he outlined the opportunities presented by the Carmichael Coal project in Queensland’s Galilee Basin.
It was a well-received presentation and he did not shy away from the challenging issues being played out almost daily in the press. Here are some of the key points he raised in his presentation:
• Adani Australia is a multi-dimensional business with interests in solar farms, port facilities and a rail line as well as the Carmichael Coal project.
• World demand for energy is growing, with population and urbanisation in developing countries driving that growth.
• The growth is greatest in India and China and outweighs the drop in energy demand in Europe, the US and Japan.
• India’s population will grow by 13 times the current population of Australia in the next 22 years
• India’s electricity consumption will increase by 125% by 2030
• While the use of renewables will increase over that time, India’s coal power generation will still double.
• Currently India only receives 2% of its thermal coal imports from Australia, with the bulk coming from Indonesia, South Africa and increasingly the United States.
• Coal from the Galilee Basin is “cleaner’’ than coal from other countries.
• The proposed Carmichael Mine is not a “mega-mine’’, with the 10 million tons a year output less than the Clermont mine (13.6MTPA), Blackwater mine (14.6MTPA), Callide mine (12.5 MTPA), Hunter Valley Operations mine (13MTPA) and the Mt Arthur mine (19.7MTPA)
• During construction and ramp-up the mine will provide 1500 mine and rail jobs and 6750 jobs in supporting industries
• In 2016 the Wangan and Jagalingou People voted 294 to 1 in favour of accepting an Indigenous Land Use Agreement for the Carmichael Project.
• The Carmichael Project has a water licence to take a maximum of 12.5GL of water from the Suttor River, but only when the river system is in flood and other water users, like farmers, have first taken their share.
• The Doongmabulla Springs are located more than 11km from any mining activities and plans are in place to protect their ecological and cultural value.
• The source aquifer of the Doonmabulla Springs (Clematis Sandstone) will not be directly affected by mining.
• The conservation area outside the mine is 33,000 hectares, 25 times the size of the open cut mine area.
• The Black-throated Finch Management plan was a result of 10 detailed surveys completed between 2012 and 2018
• Worked with State Government between 2017 and 2018 to finalise the plan through seven revisions.
• Work can start immediately on the project once final approvals are received.
MESCA will continue to provide opportunities for members, other supply chain companies and interested parties to hear from those planning major mining and energy projects. You can check out the schedule here.
Our next Project briefing will be in Perth on March 19 and feature Galena Mining and Fortescue Metals Group presenting on their Abra and Eliwana projects. You can register for that event here.
MESCA members can send two representatives to briefings for free, saving you more than $400. To Join MESCA visit our member website