Industrial Metals

Australian State Targets A$6.2 Billion Coal Port Expansion

Industrial Metals

Bloomberg 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.

To read the full market news, click here.

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