Saturday, February 06, 2010

AUSTRALIAN FIRM IN HUGE COAL DEAL WITH CHINA

BBC:
An Australian firm has signed a $60bn (AUS$69bn; £38bn) deal to supply coal to Chinese power stations.

...Under the deal, the firm will build a new mining complex to give China Power International Development (CPI) 30m tonnes of coal a year for 20 years.

... The plan involves building a huge new mining complex in the Australian state of Queensland, and laying 500km (311 miles) of railway line to move the coal to the coast.

... But the lucrative Sino-Australian deal will almost certainly disappoint some environmental groups, says the BBC's Phil Mercer in Sydney.
GOOD ON THEM! WHAT WILL LEFTIE/GREENIE OZ PM RUDD DO!?!? I HOPE HE KEEPS HIS MOUTH SHUT.

CO2 = OK.
AGW = BS.

No comments:

Post a Comment