Adani recruiting 280 roles for Australia’s Carmichael coal mine

CEO says that the coal will be sold at index prices as Bravus won’t enter into transfer pricing. After much delay, Adani Group's Australian arm Bravus struck coal at the Carmichael mines of Queensland.

Bravus Mining & Resources, the commodity-to-energy conglomerate, announced Thursday that it had struck coal at Carmichael's mines. This announcement came after protests by conservationists and global environmental activists. "Proud of my hardworking team that mined Carmichael’s 'first coal' despite heavy odds," Gautam Adani (Chairman of Adani Group) wrote in a tweet on Thursday.

Adani, who is marking his 59th Birthday, said that he couldn't have asked for a better gift than to be able to increase India's energy security as well as provide affordable electricity to India's millions. We are grateful to Australia and Queensland.

Adani was the first Indian company in Australia to establish a greenfield mining operation.

David Boshoff, CEO of Bravus Mining and Resources, announced the striking coal. He stated, "Nearly 2 years ago today, we received our final approvals for the Adani Carmichael Mine and Rail Project. Although we faced many obstacles along the way, our team persevered and succeeded in reaching the coal seams.

The Project has more than 2,600 members in Australia. This is because the group had to fight at many levels to get approvals for the mining project. Boshoff stated that "Our people have put all their heart and souls into this Project. It is amazing that we have struck coal." Bravus plans to export the first coal, as previously announced in 2021.

The CEO stated that "We are on track to export our first coal this year" and that despite this milestone, we won't let our larger goal of getting the coal to market get in the way. Bravus already had the market for 10 million tonnes per annum of coal from the Adani group Carmichael Mine. India will remain its main destination.

Boshoff clarified that the coal would be sold at index prices and that no transfer pricing will be used. This means that all taxes and royalties paid to Australia will be paid. He stated that India receives the energy it needs and Australia reaps the economic and job benefits.

India will be the foundation customer of the Carmichael mine. It is the fourth largest global consumer of electricity and the source of the greatest growth in global energy consumption. Adani Group's growing energy portfolio will include Carmichael coke. This is a plan to create a sustainable mix of energy, which includes thermal power, solar energy, wind power, and gas.

Adani Enterprises's Australian coal unit said on Thursday it has begun recruiting to fill 280 permanent operational positions for its controversial thermal coal mine in Queensland state. The Carmichael coalmine was a key factor in Australia's 2019 election. It helped to deliver a surprising victory to the Liberal-National coalition government. This result attracted votes from locals looking for more work in the region.

David Boshoff (CEO of Bravus Mining and Resources) stated that Adani's unit would recruit primarily from Townsville and Rockhampton. These two towns are known for being a source of fly in-fly out (FIFO), workers. Boshoff stated that the company will also seek out other local communities for jobs such as maintenance workers and haul truck drivers.

Concerned about the climate change impact of fossil fuels, groups have been attracted to the mine and rail project which created approximately 2,600 jobs. The UN has called on countries in the OECD group to phase out coal by 2030. This includes Australia. As the world's largest coal exporter, Australia is considered a global laggard on climate change policy. Prime Minister Scott Morrison, unlike many developed countries, has not proposed a path to zero carbon emissions by 2050.

The mine and rail project, which created around 2,600 jobs during construction, has been a flashpoint for groups worried about the impact of burning fossil fuels on climate change. The UN has called for phasing out coal by 2030 in OECD group countries including Australia. The world’s top coal exporter is considered a global laggard in climate change policy as, unlike many other developed countries, Prime Minister Scott Morrison has not set out a path to zero emissions by 2050.

The CEO stated that "We are on track to export our first coal this year" and that despite this milestone, we won't let our larger goal of getting the coal to market get in the way. Bravus already had the market for 10 million tonnes per annum of coal from the Adani Carmichael coal Mine. India will remain its main destination.

Boshoff clarified that the coal would be sold at index prices and that no transfer pricing will be used. This means that all taxes and royalties paid to Australia will be paid. He stated that India receives the energy it needs and Australia reaps the economic and job benefits.