Announcement Due Thursday On Abbot Point Port Bidders - Report
01 December 2011 - 10:03AM
Dow Jones News
The government of Australia's Queensland state will announce
Thursday its provisional approval for bidders to build six new
terminals at the country's most northerly coal port, at Abbot Point
south of Townsville, the Australian Financial Review newspaper
reported.
The paper said that the coal expansion would boost Abbot Point's
capacity to 385 million metric tons, from around 50 million metric
tons presently.
Major companies chosen to build the terminals are Anglo American
PLC (AAL.LN), Rio Tinto PLC (RIO), Vale S.A. (VALE), and a
consortium of Peabody Energy Corp. (BTU), New Hope Corp. Ltd.
(NHC.AU), and Carabella Resources Ltd. (CLR.AU), the paper
reported.
Waratah Coal, a privately owned group controlled by Clive
Palmer, and a group named MacMines Austasia would also be preferred
bidders, the paper said.
Newspaper website: http://www.afr.com
-By Sydney bureau; 61-2-8272-4680; djnews.sydney@dowjones.com
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