Co signs steel supply deal with Arrium

Melbourne
4 May 2017

Adani Thursday signed a 74 million dollar landmark deal with Australian steel group Arrium to buy steel for a 400-km rail line for its controversial Carmichael coal mine project.
Under the landmark deal, Arrium’s division OneSteel Manufacturing Pty Ltd will supply 54,000 tonnes of steel to build the rail line linking Adani’s proposed coal mine in central Queensland with the Abbot Point port. “This is a landmark deal for the Galilee projects,” Adani Australia’s Head of Country and CEO Jeyakumar Janakaraj said.
“Adani is continuing to gain momentum. The North Galilee Basin rail project is an essential open access, multi-user element to open the Galilee basin not only for the Carmichael mine but also other projects,” he said.
“Our commitment to the Carmichael projects — and the benefits that will flow to regional Queensland and India — is clearly demonstrated by this deal. There is more work to be done, but this contract is a major step forward,” he added. (PTI)