In Australia, the Adani group has signed a memorandum of understanding with South Korean company POSCO to build a new terminal at Abbot Point coal port. This will handle high-quality coal for export.

It will be known as Terminal Zero (T0) and will handle coal outbound from mines in the Galilee region at rates that should prove highly competitive throughout Asia.

The terminal will have a capacity of 14mt (million tonnes) per annum, expanded to 70mt per annum as part of a second phase.