GVK Hancock secures environmental clearances for its Alpha coal project in Australia

The grant of this Environmental Approval represents one of the most extensive and rigorous processes that went into the environmental assessment of GVK’s proposed Alpha mine, which included around 300 collaborative scientific studies, involving over 500 specialist consultants.

Commenting on the development, GVK Reddy, Founder Chairman and Managing Director, GVK, said, “This is one of the most significant milestones in the development of our Galilee Basin coal projects till date which will create one of the most remarkable pieces of regional and economic developments Queensland has seen for decades.”

“This milestone takes us another step closer towards commencing our proposed Alpha mine, which will create around 4,000 jobs during its three year construction and more than 1,800 jobs over its 30 plus years of operation. We’ve invested tens of millions of dollars and thousands of man hours assessing, planning and engaging with communities to reach this stage”, shared G V Sanjay Reddy, Vice Chairman, GVK.

This is a significant development that takes GVK another step closer towards bringing online a new low cost, low ash, low sulphur, high quality thermal coal basin, offering the ability to lower emissions from global coal fired power generation.

The volume and magnitude of GVK’s Alpha coal project’s large, shallow and very flat coal seams would enable large scale mining techniques, thus ensuring that the proposed mine remains cost competitive even in current tough market conditions.

The combination of large scale mining techniques, favourable geology and other techniques deliver a free-on-board price that would ensure GVK Hancock’s Alpha mine remains relatively immune to cyclical coal prices.

With the Environmental Authority for Alpha Coal Project in place, GVK’s key focus is to continue advancing the project to a point where construction can commence.