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Reuters reported that expansion of the Abbot Point coal port would be significantly scaled back.
Reuters reported that expansion of the Abbot Point coal port would be significantly scaled back.
As quoted in the market news:
Under a new proposal, construction of a second and third termainal would proceed, but plans to expand to a total of nine te rminals would be abandoned. The revision follows the election in March of a new conservative state government in Queensland, home to the coal producing Bowen Basin.