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GVK Hancock delivers comprehensive level of assessment at Galilee Basin mines

21 Oct 2015 Evaluate

GVK Hancock, a joint venture of GVK Group and one of Australia’s leading resource companies Hancock Prospecting, has delivered a comprehensive level of environmental assessment and consultation to achieve confidence in its ability to limit, mitigate and manage any potential groundwater impacts from its proposed Galilee Basin mines. As of now, GVK Hancock has invested tens of millions of dollars on a comprehensive suite of environmental assessments, which guided approvals from State and Federal governments. The assessments included a comprehensive hydrogeological assessment, which involved detailed modelling of the underlying geology, an evaluation of groundwater and aquifer occurrences and an assessment of local and regional groundwater resources.

 The company has successfully negotiated ‘Make Good Agreements’ with properties surrounding the company’s proposed mines, which are legally binding agreements that hold the company legally liable in the unlikely event of unduly impacting groundwater resources on its given property. Further, the company has pay for all legal costs incurred by landowners in the preparation and review of any Make Good Agreement, including for any required hydrological assessments.

GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences. It has taken pioneering initiatives across many sectors that it operates in and has overcome every challenge to provide reliable infrastructure to contribute to the country’s growth. GVK’s greatest strength is its highly experienced and proficient in-house talent pool. GVK’s collaboration with global infrastructure leaders has brought international expertise to India reflecting excellence and advancement in all its endeavours.

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