ADANI gets $1 billion loan to kick-start Carmichael mine

Adani gets $1 billion loan to kick-start Carmichael mine

10,000 full-time Carmichael mine jobs on the way


The new deal with the Bank of India provides for a loan of $US1 billion subject to the detailed assessment of Adani’s Carmichael, near Clermont in Western Queensland.

This new finance deal is a big bonus in the development of the Carmichael mine. The proposed coal mine is a huge investment for Adani in Queensland and Australian coal mining technology.

Adani Mining chief executive Jeyakumar Janakaraj said the memo of understanding with the Bank of India sends a strong message to the market that Adani’s Carmichael mine project is on track to deliver its first coal in 2017.

The Carmichael mine will create 10,000 mining jobs in Queensland and generate $22 billion in taxes and royalties for the Queensland government, in addition to helping Adani deliver cost-efficient power in the Indian market.

The mine will be huge, with some 11 billion tonnes of thermal coal, and is the centrepiece of Adani`s integrated mine, rail and port project in Queensland.

The Queensland State Government has also tipped cash into the rail project to help get Adani`s coal to the port of Abbot Point.

State Development, Infrastructure and Planning Minister, Jeff Seeney, said the agreement was about creating Queensland mining jobs.

“This is simply about the 27,000 jobs that will be created by the Galilee Basin; it is about investing in the infrastructure that will enable those jobs to be available for Queenslanders for decades to come,”¯ the Deputy Premier said.

He would not reveal how much Queensland taxpayers would cough up, although he said the investment would likely be funded by an $8.6 billion infrastructure investment pool to be set aside after the government completes its planned asset privatisations.

He thought the initial total would be in the hundreds of millions.

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“The negotiations that we will be having with all of the proponents, is what is their particular infrastructure challenge and how could we assist with that by becoming a minority share holder, or owning a small part of it. And it can be either or. It can be either a minority equity holding in a particular company that owns and operates a piece of infrastructure, or it can be something that the state provides, that we own 100 per cent, but is a small part of the total infrastructure challenge.

“We are prepared to invest a significant amount of money, because there are significant benefits to the state.”¯

Mr Seeney said letters outlining the agreement would be sent to other proponents including Clive Palmer`s Waratah Coal.

The Carmichael mine is heading closer and closer to becoming a reality. Just when coal prices and employment in the coal mining sector hits one of it most challenging times, new hope is being created for thousands of mine workers.

Not only is the Adani Carmichael mine going to create decades of stable employment for Queenslanders, it will fire up GVK-Hancock and Clive Palmer’s Waratah Coal to kick off their Galilee Basin mines also.

A checklist for Adani Carmichael mining jobs

  • Learn about the Galilee Basin. Research Waratah Coal, GVK, Hancock Coal and Adani. By going to their websites, you will gain insights into their mining operations.
  • Be prepared for the next wave of Galilee Basin mining jobs, get the right training”“ Mining Induction (Standard 11). This mining safety and induction course was also know as `Generic Induction`
  • There are other mining courses you can do to up-skill yourself for the coming Queensland mining jobs.
  • A Coal Board Medical certificate will be required before applying for these new coal mining jobs. Be prepared -  it`s always a good idea and will help your application process.
  • If you are not an Australian citizen or resident, you must have the appropriate authority to work in Australia. See 457 Visas and eligibility to work in a mining job.
  • Set up job alerts on SEEK, CareerOne, iMINCO, Indeed and other mining jobs boards.
  • Search for `Galilee Basin mining jobs Queensland` on Google. An example of this would be to use the most common keywords like “adani mining queensland”¯, “coal mining jobs hancock coal”¯, “galilee basin jobs”¯ or “galilee basin mine”¯.
  • Prepare your resume and cover letter to be mining focused. A professional, well written, mining focused resume, with targeted keywords and qualification highlights, will help get your digital resume past resume scanning software and into the hands of a human.

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