Australia leases world's biggest coal port for $1.6 bn

Australia leases world's biggest coal port for $1.6 bn
Sydney (AFP) April 30, 2014 - An Australian and Chinese consortium on Wednesday won a 98-year lease on the world's biggest coal export port for Aus$1.75 billion dollars (US$1.62 billion), the New South Wales government said. New South Wales Premier Mike Baird said some Aus$1.5 billion raised from the sale of the lease of Newcastle Port, north of Sydney, would be redirected into state infrastructure. "This momentous r ... more

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