Other Business
Vizag Coal Berth
In order to make an entry into the growing
port and infrastructure sector in India we
have participated and won a tender from the
Government of India's Vizag Port Company
to construct a coal berth on a revenue
sharing basis in a joint venture with Leighton
Contractors (India) Pvt. Ltd. The estimated
cost of the project is US$150 million to be
completed by mid 2012.
Outlook
The recovery in demand and commodity
prices backed by growth momentum in
China, Brazil and India appears well founded.
The medium- and long-term outlook for the
resource sector remains positive. We are well
positioned to benefit from the upswing,
benefitted by our structurally low cost
position. We have a well laid out growth
pipeline and all our expansion projects
are on track to deliver industry leading
organic growth.