Australia’s Largest Ever Export Deal: Coal to China
February 8th, 2010Via: ABC:
Queensland billionaire Clive Palmer has signed a deal to sell millions of tonnes of coal to China in what’s believed to be Australia’s largest export contract.
Mr Palmer says the $69 billion, 20-year offtake deal was signed last Friday with China Power International.
Another $8.6 billion agreement was signed with the Metallurgical Corporation of China to build the project in central Queensland.
