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Australia’s largest contract mining company, Thiess, is establishing coal processing infrastructure in India.
The company has partnered with a global leader in coal processing, Sedgman, and has a $5.5 billion mining project in India to develop and operate a greenfield coal mine for NTPC at Pakri Barwadih, Jharkhand.
According to executive general manager, strategy and development, Mark Lynch, the company will expand its operations in India to large-scale public infrastructure and services after its coal mine infrastructure stabilises in India.
He said Thiess, a $7.5 billion company, which is part of Leighton Holdings, has identified India as a key market and the expansions will contribute to further growth for the world’s third largest producer of coal.
Theiss’ operations include coal handling, processing and rail construction, and it will work with Sedgman, an independent public limited company to look at opportunities to set up coal processing facilities.
Lynch would not provide a figure on the planned investments in India when he addressed journalists outside the Department of Foreign Affairs and Trade.
He would say an indication of the scale of operations of the company could be seen from its presence in Australia and Indonesia, where it has invested over $2 billion in each location in the ‘plant fleet’, all equipment that goes into its mining operations.
Lynch said Thiess’s involvement in various sectors including infrastructure and construction means it will achieve its targets, despite the affects the floods and cyclones have had on coal mines in Queensland.
Source: Business Line