Adani Enterprises Ltd.

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Adani Enterprises appoints consulting firm for Australian coal project: Report

Date: 29-10-2014

Adani Enterprises has reportedly appointed Parsons Brinckerhoff as consulting firm to manage contract reviews for its long-delayed $6.2 billion coal mine, rail and port project as it looks to start production by the end of 2017. The consultant would provide quality control and audit services for engineering, procurement and construction contracts, in the latest sign Adani is trying to push ahead with a mine it originally aimed to open this year.

With coal prices at five-year lows and up to a third of all Australian production running at a loss, much bigger companies than Adani, like BHP Billiton and Glencore, have shelved new coal projects in Australia.

Earlier this year, the company lined up South Korea’s POSCO Engineering & Construction Company to build the rail line for the Carmichael mine and bought out royalty rights on the coal from Linc Energy.

Adani Enterprises, the flagship company of the Adani Group, is the country’s largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.