"Chairman Gautam Adani announced yesterday his company had completed exploration in a record nine months and intended to export to India its first coal shipment from the mine by January 2016, taking advantage of the resources industry slowdown that has freed up manpower to begin construction work."
and
"Mr Newman and Mr Ferguson yesterday pledged their governments' commitment to granting all regulatory and environmental approvals by mid next year so that mine construction work could begin on target by the end of 2013.
"We welcome that commitment because we have to take advantage of this window where most other major (resources) projects are on hold, freeing up resources and manpower to expedite this project," Mr Adani told The Australian."
This is great news for LNC as the value of their royalty from the Adani mine would be increased with the greater certainty of an early start of production.
I previously mentioned that PB stated at the AGM that Carmichael would produce 25MT in their 1st year.
