Thanks foryour email.
We havearranged to meet with NMDC and NLC this week. Following the meetings we’llupdate the market.
Adani donot own any brown coal mines that we are aware of. The approval of theCarmichael mine in Queensland has no direct impact on ECT’s proposed Indiaproject. Adani’s coal is destined for the India market. For context, coaldemand in India is expected to rise from 0.89 billion tonnes in 2017 to 1.2billion tonnes in 2022, supported by growth in coal-fired power, withgeneration capacity expected to increase from 194 GW in 2017 to over 250GW in2022. Further, coal demand in India is expected to double by 2040. The AdaniCarmichael coal mine will produce about 60 million tonnes a year, meeting about5% of the expected coal demand growth. With this in mind, meeting that demandwill require a range of initiatives that will likely include the ongoingreliance on NLC’s brown coal assets.
We are notaware of any takeover plans.
Regards,
Adam Giles
Marketing & Communications Manager
EnvironmentalClean TechnologiesLimited
Where are we at with NMDC?, page-51
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