Another Indian industrial heavyweight GVK Power is heading into Australia’s hotbed of coal mining activity – making an impressive bid of $8 billion dollars for a slice of the energy-dense coal reserves in Queensland’s famed Galilee Basin.
For those seeking Galilee Basin jobs – this is news you must follow closely.
GVK Power is an emerging major player (owning with several power stations in India) is hoping to secure its stakes now before the hordes move in. As such they are currently in preparation stages of purchasing two of Hancock Prospecting’s major mines, Alpha Coal and Kevin’s Corner for $8 billion dollars.
Although developers have pushed back their export date to 2017 from 2016, GVK’s Alpha Coal Project in the Galilee Basin will still rank as one of the largest thermal coal mines worldwide, offering a continued surge of QLD mining jobs.
Galilee Basin mining jobs will prosper as the deal not only includes a payment of around $2 billion dollars for the two mines, but the infrastructure essential to transport the coal from central QLD to India.
According to GVK Hancock Coal managing director Paul Mulder when the Alpha Coal Project alone when it is in full production will offer an output capacity of 32 million tonnes annually. However right now GVK is already fighting off ongoing demand for 40 million tonnes, with around 19 companies hitting up GVK wanting access to premium coal resources in the Galilee. Large companies expressing desire for the product include Asian heavyweights, specifically located in Japan, South Korea, Taiwan, China, India, Malaysia, The Philippines and Vietnam.
The JVK and Hancock joint venture deal is of colossal scale and continues the current trend of Indian power companies investing into the valuable resource rich coal mines in Australia to fuel the thirsty demand for their power stations.
1500 coal mining Galilee Basin jobs
1500 mine workers will be needed in the construction phase with a large proportion of Galilee mine jobs being FIFO, with some DIDO workers sourced from the Alpha township area.
For Aussies scoping for QLD mining jobs with a particular focus on Galilee Basin jobs, NOW is a prime time to get yourself mine ready with Australian mining qualifications, a mining resume and keeping yourself in the loop of what is going on in the Galilee Basin. With major Indian power station operators Adani and Lanco Infratech both injecting billions to secure coal deposits in Australia, Galilee Basin jobs will soon be on the rise.
The recent $3 billion deal by Adani to purchase Linc Energy’s coal assets in the Galilee Basin, (sitting directly beside Hancock Prospecting’s two mines), has basically ensured the Galilee Basin is fast becoming the newest Australian mining boomtown of this decade.
Both of Hancock’s mines in the Galilee Basin offer a total resource pool of 7 billion tonnes of coking coal, each able to produce 30 million tonnes of coal per annum, they will be open cut mines with a mine life span of 30 years.
When the mines begin in the Galilee Basin construction jobs will boom – which will be of enormous benefit to the community, the economy, the local government and for Australians seeking construction jobs in Queensland. Enormous infrastructure is needed to support the mining development, with the airport, sewerage upgrades being the initial hive of activity. The Alpha project alone is expected to generate 1000″²s of new mining jobs in the Galilee purely for the construction phase and then hundreds of permanent Queensland mine jobs in 2017.
Galilee Basin jobs
If you are looking for Galilee Basin jobs or Australian mining jobs you should get the best mining training qualifications in Australia.
- Find out more information about mining training courses you can do to upskill yourself for the new wave of mining jobs.
- Also you should keep ahead of the news and follow Adani, GVK, Hancock and Galilee Basin mining developments by subscribing to our Project News, to build your knowledge of the coal industry in Australia ““ and score a job as iMINCO continues to report on the GVK project.
- You can also read a selection of mining articles on GVK and the Galilee Basin on our website.
Reference: India the New China – Galilee Basin Jobs Aplenty – Queensland Mining Jobs