Queensland Picks Bidders For Massive Abbot Point Coal Expansion

Date : 11/30/2011 @ 9:17PM
Source : Dow Jones News
Stock : Peabody Energy Corp. (PC) (BTUUQ)
Quote : 0.383  0.0 (0.00%) @ 2:12AM

Queensland Picks Bidders For Massive Abbot Point Coal Expansion

Anglo American (LSE:AAL)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Anglo American Charts.

The government of Australia's Queensland state Thursday selected some of the world's biggest mining companies to build terminals at a planned coal port in the north of the state that could increase global coal trade by more than a third over current levels.

The government said that Anglo American PLC (AAL.LN), Rio Tinto PLC (RIO), Vale S.A. (VALE), and privately-owned Waratah Coal had been selected as so-called preferred respondents.

A consortium of Peabody Energy Corp. (BTU), New Hope Corp. Ltd. (NHC.AU) and Carabella Resources Ltd. (CLR.AU), known as North Queensland Coal Terminal, was also picked, along with a sixth group, Macmines Australia.

The expanded port would have a capacity of 385 million metric tons, compared to global coal trade of 938 million tons in 2010.

-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

Latest BTUUQ Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.