Thursday, August 23, 2012

Australian Govt nod for GVK's $10 bn coal project

GVK Group’s $10 billion Alpha Coal project in Queensland gets green signal from Australian Govt. The approval is to construct and operate the Alpha Coal Mine and a railway line between the mine and the port at Abbot Point, near Bowen. Last year GVK acquired majority stake in Alpha Coal and Alpha West projects and a 100 per cent stake in the Kevin’s Corner project in Queensland. When these projects start full fledged working it will become one of the worlds largest coal blocks.

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