Adani ready to sell Abbot Point stake
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, 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 Read more
Cone Fenders delivered for Malayan Flour Mills Jetty and Cruise Terminal in Phuket Read more
The new high dimensions gantry crane STS Malaccamax rated amongst the largest cranes in the world an... Read more
The contractors THV Artes Depret – Franki formed a temporary partnership to construct the new lock i... Read more
Port terminals worldwide have begun to deploy new simulation technology that's making the operator t... Read more