Billionaire Tinkler Proposes $2.47 Billion Newcastle Coal Export Terminal

Bloomberg reported that a new coal export terminal has been proposed for Newcastle, Australia.

As quoted in the market news:

The terminal will add 100 million metric tons of export capacity if approved by the New South Wales state government, Tinkler’s Hunter Ports Pty said today in a statement on its website. That would double the amount being shipped annually from the world’s biggest thermal coal port.

Click here to read the full Bloomberg report.