The Siemens group had paid a few months ago, still bitter teaching of money because he is engaged on the edge in Australia's coal production. Environmentalists had attacked him because of his order for the giant coal mine in the Indian Adani group in Australia sharp. The Hochtief group is significantly stronger in the mineral business of the fifth continent active. Just the group counting mines-supplier to Thiess has received a further major order.
economic correspondent in Düsseldorf.F. A. Z. Facebook Twitter
Economics correspondent for South Asia/Pacific, based in Singapore.F. A. Z.
Adani, however, increasingly under pressure. The Essen construction group Hochtief benefits from the fact that in the open pit coal mine, Lake Vermont in the Australian state of Queensland for a further five years is dug out of the ground. The current capacity is 9.4 million tons of coal annually. The owner of Jellinbah Group has outsourced the operation of longer to Thiess. Thiess, the promises of the contract an increase in revenue of 2.5 billion Australian dollars (1.54 billion euros), is part of the Australian construction company, Cimic, which is, in turn, to more than three-quarters in the hands of Hochtief.
coal exports from 2021 via the port on the Barrier Reef
the amount of The order corresponds roughly to those for the first stage of expansion of the adjacent Carmichael Mine Adani in Queensland. The device, however, in addition to all the financial problems, even internally, under pressure: Chairman of the management Board of Adani in Australia, Lucas Dow, resigned on Friday after two years in Australia umstrittenstem bodenschatz Job surprisingly.
His successor, the former project Manager, David Boshoff, the first came in November from the commodity giant, BHP is. Dow remains Adani as Director receive. The first coal to run the Indians in the next year, a port on the Barrier Reef.
In the coal, Thiess will be exported to the Mine, especially to Japan. For Cimic, the order comes at the right time: The Sydney-listed company plans to release its share of the world's largest mining equipment supplier on the stock exchange to make. For Cimic is currently speaking with private investors, which could take over a share to Thiess prior to the IPO. The will, however, grows more severe, the stronger the global aversion of banks, pension funds and insurance companies against coal.
jobs for more than a billion Australian dollars
For Hochtief, which itself belongs to the half of the Spanish ACS group, is the involvement of the Australians worthwhile. The Essenes have just increased their investment to 174 million euros to 518 million euros, to benefit "from the growth opportunities in the mining operation," as the Hochtief CEO Marcelino Fernández Verdes said.
Cimic raves in the annual report of the "increasing opportunities" to attract customers at home and abroad, especially in the coal business. It is buzzing, despite the sharp winds Alone, Adani has been granted for its coal mine in the meantime, orders for more than a billion Australian dollars. Cimic provides the in Canada for more coal orders, the planning company Sedgman has upgraded recently, a 60-year-old coal-fired power plant in British Columbia, which can now promote instead of 7.2 million tonnes in the year to 9 million tons.Updated Date: 13 July 2020, 11:20