A multi-dimensional resources company is starting new earthmoving work at its $21 billion coal project in Central Queensland’s Galilee Basin.
Adani Australia recently fired up excavators and dump trucks to start work on the new open cut mine at its Carmichael Coal Project, about 160km northwest of Clermont.
This will involve using a fleet of Liebherr R 996B excavators to remove layers of overburden and box-cut rock, to help more easily access underground coal seams. CAT 796 dump trucks will then transport soil and rock away from the site.
No driverless trucks
The proponent confirmed it will use human-operated heavy vehicles and has no plans to roll out driverless trucks.
“We are committed to using conventional truck and excavator mining techniques across the project,” Adani Mining incoming CEO David Boshoff said in a public statement.
“Our first five mining trucks and excavator have arrived on site and are operational and the assembly of our second excavator will commence in the coming weeks. We will also add more than a dozen mining trucks to our fleet over the coming months. The trucks will be assembled in Mackay, with each taking a team of about 40 men and women up to 10 weeks to put together.”
There will be a total of six open-cut pits and five underground mines that together yield an estimated 60 million tonnes per annum.
“In time they will reach the coal seam then we will be excavating coal as we need to remove around four cubic meters of rock for every tonne of coal we mine,” Boshoff said.
“We are on track to export first coal in 2021.”
1200 recruits expected
Work is separately progressing on the new coal handling and processing plant, which will process up to 74.5 million tonnes per annum (mtpa) run of mine coal, and produce up to 60 mtpa of product coal.
A total of more than 700 staff are working on the full project, and the existing accommodation village is being expanded to house the rapidly growing workforce.
The following positions are vacant:
- quality assurance assistant (multiple positions)
- quality assurance/quality control officer
- package engineer – civil (multiple)
- plant operators (multiple)
- auto electricians (multiple)
- haul truck operator (multiple)
- track engineer.
“The expansion of our mine accommodation to 400 beds is complete to cater for the additional workforce and we will soon be able to accommodate another 1200 people in our temporary rail accommodation villages,” Boshoff said.
“We remain on track to deliver 1500 direct and 6750 indirect jobs.”
ADANI IS NOW IN TROUBLE
THE ADAN ZEPELIN HAS BEEN SHOT DOWN,BY HINDENBERG !
THE ADANI ENTERPRISES FPO, HAS BOMBED
AEL HAS TO STOP BEING USED AS A VEHICLE,FOR FUNDING THE ADANI NAVRATNAS
ADANI TRANSMISSION (ATL) CAN RAISE DEBT MONEY,ON ITS OWN – BUT NOT FOR STARTING A CALL CENTRE – AS THERE ARE NO LIENABLE ASSETS
ADANI TRANSMISSION (ATL) IS IN A MUCH BETTER SITUATION -AS ADANI HAS A POWER GENERATION IPP N THIS COMPANY. COMMISSIONED POWER ASSETS (CPA) ARE 27000 CRORES,& ONLY 5000 CRORES OF CWIP ! DEBT IS 30000 CRORES,AND EQUITY IS 11000 CRORES. REVENUES ARE 12000 CRORES
PAT IS 12OO CRORES AND DEPRECIATION IS 1400 CRORES.SO CASH FLOW IS ,10 YEARS DEBT – WHICH IS OK LA ! A POWER GENERATION IPP IS IN ATL JUST TO BOOST THE PAT OF ATL AS ATL WILL JUST A CAPACITY AND CARRY CHARGE FOR THE TRANSMISSION GRID.
ATL HAS 20000 CRORES,OF USD DEBT.
HERE AGAIN,NATHAN HAS HIT THE JACKPOT. SHORTING THESE BONDS & USING THE BOND HOLDERS TO QUERY ATL AND EXERCISE CALL OPTION,WILL COLLAPSE THE DEBT.
ATL HAS ONLY 38 SUBSIDIARIES, AND HAS 15-35 DAYS COLLECTION PERIOD FOR DISTRI AND TRANSMISSION DUES. THE CONCENTRATION RISK IS LOW, AND MOST OF THE PAYERS ARE “STATE”.
ATL HAD A PPA WITH VIDARBHA POWER,WHICH ATL HAS TERMINATED
ON TOP OF THAT,ATL HAS DEFAULTED ON RPO,IN THE PAST,AND IS NOW BUYING RPO,FROM A HYBRID SOLAR POWER ADANI COMPANY,IN JAISALMER
INSTEAD OF ALL THESE PPA/RPO – ATL CAN BE A FUNDING VEHICLE,FOR THE NAVRATNAS.ATL INVESTING IN ROADS,HYBRIDS AND DEFENSE,WILL CROSS HEDGE,THE COUNTERPARTY AND NATURAL DISASTER RISK,AND ALSO,THE FX RISK.
SO ATL IS LEVERAGING ITS GUARANTEED CASH FLOWS,TO EARN TREASURY INCOME,BY RAISING DEBT AND PARKING IT IN NAVRATNAS,TO EARN A TREASURY PROFIT – WHICH IS LEGIT
ONCE THE BUSINESS MODEL,OF THE 38 SUBSIDIARIES STABLISES, THEIR CASH FLOWS CAN BE HARVESTED,BY STAPLED AND OTHER FINANCING.
SINCE THE BUSINESS MODEL IS STABILISED,AND THE CASH FLOW AND TECHNICAL DATA,IS THERE,FOR 5 YEARS OR MORE, THE STAPLED FINANCE WILL BE FOR 20-35 YEARS,AT A “LOWER ROI”,THAN CURRENT BANK LOANS.
IN ANY CASE,THE PAT + DEPRECIATION,ON AN ANNUAL BASIS,CAN ALLOW A DEBT RAISING BY -2-3 TIMES,DUE TO THE ABOVE STAPLED EFFECT,AS ONCE THE TRANS AND DISTR GRID STABILISES,IT IS AN ANNUITY BUSINESS.
INSTEAD OF BUYING RPO – INVEST IN HYBRID RE, BEFORE NATHAN TAKES DOWN ATL.
AEL (ADANI ENTERPRISES LTD)CANNOT BE USED TO RAISE DEBT OR FUNDS FROM THE GLOBE
IT HAD A 70000 CRORES TOPLINE IN FY 22 VERSUS 40000 CRORES IN FY 21.
PBT WAS 1000 CRORES IN BOTH YEARS INTEREST INCOME WAS 1000 CRORES IN FY 22.
SO THE 70000 CRORES TOPLINE, YIELDED NO PROFIT – & ACTUALLY HAD A LOSS ! NEIN – IT PROVES THAT WHATEVER AEL DOES, THE COMPANY CAN SHOW, WHATEVER PAT, IT WANTS
ON TOP OF THAT,AEL HAS 70000 CRORES OF DEBT,& 24000 CRORES OF EQUITY
THIS IS THE COMPANY WHICH NATHAN HAS TRIANGULATED ON. FOR ACCOUNTING JUGGLERY !
AGL & ATL ETC ARE ALL PASS THROUGH COMPANIES,SO COST ARE PASSED THROUGH, TO THE STATE, THUS, THE STATE WILL AUDIT & BENCHMARK THE COSTS
AGL & ATL COSTS ARE OVER STATED FOR TARRIFF & GENERATING CASH.
AEL HAS 196 STEP DOWN & INDIRECT SUBSIDIARIES,
DO THE CLOWNS OF SBI, RBI, SEBI ,NSE & LIC HAVE THE KEN,TO APPRAISE 196 COMPANIES, IN 1 ANNUAL REPORT ? SAMIR SARDANA