It's more than just an excellent news service.

It's about becoming part of the mining and gas community.

Subscribing to Shift Miner means you can get full access to all our news and special reports, advertise anything you want in the classifieds (print & digital) and browse the jobs board.

So no matter where your job takes you, you're just a click away from the best source of mining information on mobile, in print and online.

DIGITAL SUBSCRIPTION: $4.99 a week
Includes full access to all areas on smartphone*, ipad and online.
*Download the free iphone app from itunes

STILL NOT SURE?
Click here to sign up for our free news headlines service: The WINO (Wednesday’s Industrial News Online)

Email [username]:

Name:

Coupon Code:
Leave blank if you don't have one
Password:

Confirm Password:

Terms and Conditions and Privacy Policy
Melanie and Chevy Ohl mining csg Sgt Rob Smith and Constable Paul Muller (L-R) Neve Flint, Brooke Roberts Holly Hill and Isabelle Elms (L-R) Sharlani, Rhythm-Rayne, Eesiar and Khvalee'a. Aboutusgenericimage_3 Construction csg Kaleb and Harmoni Mauloni Port Sgt Rob Smith and Constable Paul Muller Steve Beale and Chris Dunphy, MIPEC Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup (L-R) Sebastion Rayfield, Vincent Rayfield, Trishelle Avu and Tayla Thorpe
Melanie and Chevy Ohl mining csg Sgt Rob Smith and Constable Paul Muller (L-R) Neve Flint, Brooke Roberts Holly Hill and Isabelle Elms (L-R) Sharlani, Rhythm-Rayne, Eesiar and Khvalee'a. Aboutusgenericimage_3 Construction csg Kaleb and Harmoni Mauloni Port Sgt Rob Smith and Constable Paul Muller Steve Beale and Chris Dunphy, MIPEC

Adani not a miner
Wednesday 18 May 2016  

Adani CEO Jeyakumar Janakaraj has used an “Engaging with India” conference in Sydney this week to re-state Adani’s belief that the proposed Carmichael mine in the Galilee Basin is viable - even at today’s coal prices.

However, he says referring to them as a “mining giant” misunderstood the business case for building a mine in the Galilee Basin.

"Adani is often called a mining giant,” he told the event sponsored by Fairfax and the Australia-India Business Council.

“I would like to make this statement very simple and clear: we are not a mining company.

"Adani is a large infrastructure company with verticals in ports, energy and logistics businesses, and the coal mine that we do have ambitions to open in Queensland is an integrated play that we have in our energy sector business.

"We are not a charitable organisation; we are here to do business and obviously the fundamental rule of business is economics… If you take it from a simple standpoint, even with current coal prices, we will make enough margins to service both debt and equity."

Mr Janakaraj also said the mine development had to be seen in context, with it being just one part of their Australian operations, including their involvement in Australia's solar industry and the potential to expand the capacity of the Adani-owned port at Abbot Point near Bowen.

 

Similar Topics