Mining boss claims GVK Resources will win QLD coal race
A MINING boss used a Brisbane conference on Tuesday to take a swipe at competitors, boldly spelling out that in the race to develop Western Queensland's coal his firm was easily in pole position.
GVK Resources coal and infrastructure managing director Paul Mulder was responding to questions over whether his Alpha project would be ready before Adani's mine, which was of a similar scale in the same area.
Reportedly, Adani planned to export coal before the end of 2015, up to 12 months earlier than GVK's latest target of late 2016.
Mr Mulder diplomatically cast doubt on what he called Adani's ambitions.
He said GVK already had its environmental impact study, which it needed to eventually earn a mining lease and begin construction
Adani is yet to have its EIS released by the Queensland Government.
Mr Mulder then responded to accusations reportedly from mining magnate Clive Palmer who said GVK's rail would be flood-prone, its funding was unlikely and its rail line too small.
Mr Palmer is, himself, involved in developing Waratah Coal's China First project in the Galilee Basin that surrounds Alpha.
He methodically explained that GVK's rail line would be to a one-in-100-year flood standard, that funding would follow other steps to ensure the project was going ahead.
Mr Mulder added that GVK's rail could be upgraded from its initial 60 million tonnes a year to beyond 400 million if the demand was there.