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Australian State Targets A$6.2 Billion Coal Port Expansion
Jun. 01, 2011 01:22PM PST
Industrial MetalsBloomberg reported that bids are invited for the expansion of Australia’s Abbot Point coal port.
Bloomberg reported that bids are invited for the expansion of Australia’s Abbot Point coal port.
The market news is quoted as saying:
The proposed expansion is aimed at meeting rising Asian demand for the commodity, Bligh said. Adani Enterprises Ltd. (ADE), India’s biggest coal importer, agreed last month to pay A$1.8 billion for a 99-year lease on the terminal.