Australia to supply 60 billion USD of coal to China in 20-year period

Monday, February 8th 2010 - 02:11 UTC

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Australian company Resourcehouse Ltd. announced Saturday that it had struck a 60 billion US dollars, 20-year agreement to supply coal to China Power International Development Ltd., calling it Australia's biggest export contract. Read full article

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RT
Most of the media outlets around the world are reporting about the business and job creation aspects of this deal, but as with any story about coal, there are environmental aspects in play here. There's a serious backlash from environmentalists here, according to this story: http://www.newsy.com/videos/australia-pens-mammoth-coal-deal-with-china
Feb 10th, 2010 - 07:52 pm - Link - Report abuse 0
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