Adani ready to sell Abbot Point stake

Industry Database

Investment bank Rothschild has been appointed by Adani to sell a stake in its Port of Abbot Point port operations in Australia's Queensland.

The Abbot Point terminal is in a deepwater port north of Bowen in Queensland, for which Adani acquired a 99-year lease in 2011. It is a major coal export gateway, with about 25.4 million tonnes of coal passing through in 2016–17.

The port would also be the outlet for coal coming from Adani’s proposed Carmichael mine in Queensland’s Galilee Basin.

The company has faced political and environmental opposition to the mine proposal and the sale of a stake at Abbot Point is seen as way for Adani to raise the finance needed to get traction for the mine project.

LATEST PRESS RELEASES

TVH launches new company movie

TVH, global player in the field of forklift trucks and industrial vehicles and parts for these machi... Read more

Hinged fender panels for pier head at Sjællands Odde from ShibataFenderTeam

Hinged fender panels for pier head at Sjællands Odde from ShibataFenderTeam Read more

New installations in Malaysia and Vietnam for SFT Group

Cone Fenders delivered for Malayan Flour Mills Jetty and Cruise Terminal in Phuket Read more

SUCCESSFUL COMMISSIONING OF ONE STS MALACCAMAX CRANE FOR SEAYARD TERMINAL OPERATOR

The new high dimensions gantry crane STS Malaccamax rated amongst the largest cranes in the world an... Read more

Lock in Sint-Baafs-Vijve equipped with SFT Donut Fenders

The contractors THV Artes Depret – Franki formed a temporary partnership to construct the new lock i... Read more

E-book: Using New Simulation Technology to Manage Safety & Productivity

Port terminals worldwide have begun to deploy new simulation technology that's making the operator t... Read more

View all